Short Interest in Dassault Systemes SA (OTCMKTS:DASTY) Increases By 825.0%

Key Points

• Short interest in Dassault Systemes SA increased by 825.0% in July, totaling 3,700 shares, up from 400 shares at the end of June.
• Several hedge funds have increased their stakes in Dassault Systemes, including Yousif Capital Management, which raised its holdings by 7.4% in the second quarter.
• Wall Street analysts have upgraded Dassault Systemes, including a shift from "hold" to "buy" by Wall Street Zen on July 28th and a "strong-buy" rating from Goldman Sachs.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,700 shares, agrowthof825.0% from the June 30th total of 400 shares. Based on an average daily volume of 528,700 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 528,700 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Dassault Systemes

A number of institutional investors have recently added to or reduced their stakes in DASTY. Riverbridge Partners LLC acquired a new stake in Dassault Systemes during the first quarter valued at approximately $206,000. Rhumbline Advisers boosted its holdings in Dassault Systemes by 18.9% during 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 in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Dassault Systemes by 7.4% in the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company's stock worth $808,000 after acquiring an additional 1,550 shares in the last quarter. Boston Common Asset Management LLC boosted its holdings in shares of Dassault Systemes by 38.0% in the 1st quarter. Boston Common Asset Management LLC now owns 40,184 shares of the technology company's stock worth $1,517,000 after acquiring an additional 11,066 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC boosted its holdings in shares of Dassault Systemes by 27.5% in the 1st quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company's stock worth $4,545,000 after acquiring an additional 25,988 shares in the last quarter. 0.03% of the stock is owned by institutional investors and hedge funds.

Dassault Systemes Price Performance

OTCMKTS DASTY traded up $0.08 during trading on Wednesday, reaching $32.13. 77,902 shares of the company traded hands, compared to its average volume of 117,479. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.88 and a current ratio of 1.88. The stock's 50 day moving average price is $36.18 and its two-hundred day moving average price is $38.22. The company has a market cap of $43.08 billion, a price-to-earnings ratio of 34.92, a P/E/G ratio of 4.19 and a beta of 0.98. Dassault Systemes has a 1-year low of $31.92 and a 1-year high of $44.18.

Dassault Systemes Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.222 per share. This represents a yield of 58.0%. The ex-dividend date of this dividend was Thursday, May 22nd. Dassault Systemes's payout ratio is presently 23.91%.

Analyst Ratings Changes

DASTY has been the topic of several recent analyst reports. Wall Street Zen downgraded Dassault Systemes from a "buy" rating to a "hold" rating in a research report on Sunday. The Goldman Sachs Group raised Dassault Systemes to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Citigroup restated a "neutral" rating on shares of Dassault Systemes in a research note on Friday, July 25th.

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.