Dassault Systemes SA (OTCMKTS:DASTY) Sees Significant Growth in Short Interest

Key Points

• Dassault Systemes SA experienced a significant increase in short interest, rising by 110.7% in September to 5,900 shares, compared to 2,800 shares in August.
• Institutional investors have made notable adjustments, with firms like Rhumbline Advisers and Azimuth Capital increasing their positions in Dassault Systemes by 18.9% and 27.5%, respectively, during the first quarter.
• Analyst ratings for Dassault Systemes have been mixed, with Wall Street Zen downgrading the stock from a "buy" to a "hold," while Goldman Sachs has upgraded it to a "strong-buy."

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 5,900 shares, an increase of 110.7% from the August 31st total of 2,800 shares. Based on an average trading volume of 328,800 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 328,800 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Dassault Systemes

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in shares of Dassault Systemes by 18.9% in the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company's stock valued at $795,000 after purchasing an additional 3,306 shares during the last quarter. Azimuth Capital Investment Management LLC raised its holdings in shares of Dassault Systemes by 27.5% in the first quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company's stock valued at $4,545,000 after purchasing an additional 25,988 shares during the last quarter. Riverbridge Partners LLC purchased a new stake in shares of Dassault Systemes in the first quarter valued at about $206,000. Finally, Yousif Capital Management LLC raised its holdings in shares of Dassault Systemes by 7.4% in the second quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company's stock valued at $808,000 after purchasing an additional 1,550 shares during the last quarter. Hedge funds and other institutional investors own 0.03% of the company's stock.

Dassault Systemes Stock Down 0.5%

Shares of Dassault Systemes stock traded down $0.16 during trading hours on Friday, reaching $34.22. The company's stock had a trading volume of 162,607 shares, compared to its average volume of 144,932. The stock's fifty day simple moving average is $32.17 and its two-hundred day simple moving average is $35.60. The company has a market capitalization of $45.88 billion, a P/E ratio of 37.19, a P/E/G ratio of 4.45 and a beta of 1.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.83 and a current ratio of 1.83. Dassault Systemes has a one year low of $30.55 and a one year high of $44.18.

Analyst Ratings Changes

Several brokerages recently issued reports on DASTY. Wall Street Zen lowered shares of Dassault Systemes from a "buy" rating to a "hold" rating in a research note on Sunday, September 14th. The Goldman Sachs Group raised shares of Dassault Systemes to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Dassault Systemes in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy".

Dassault Systemes Company Profile

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure, and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.

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