Dassault Systemes SA (OTCMKTS:DASTY) Short Interest Update

Key Points

• Dassault Systemes SA experienced an 87.7% drop in short interest in August, with only 2,800 shares short sold as of the end of the month.
• Several hedge funds have increased their stakes in Dassault Systemes, with notable increases of 38% and 27.5% from Boston Common Asset Management and Azimuth Capital Investment Management, respectively.
• Wall Street analysts view Dassault Systemes positively, with two firms upgrading the stock to "Strong Buy" and a consensus rating of "Buy" among research analysts.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,800 shares, a drop of 87.7% from the August 15th total of 22,800 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 294,600 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 294,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's stock are short sold.

Hedge Funds Weigh In On Dassault Systemes

Several large investors have recently made changes to their positions in the business. Yousif Capital Management LLC lifted its position in shares of Dassault Systemes by 7.4% during the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company's stock worth $808,000 after purchasing an additional 1,550 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Dassault Systemes by 18.9% during the first quarter. Rhumbline Advisers now owns 20,836 shares of the technology company's stock worth $795,000 after buying an additional 3,306 shares during the last quarter. Riverbridge Partners LLC acquired a new position in shares of Dassault Systemes during the first quarter worth approximately $206,000. Boston Common Asset Management LLC lifted its holdings in shares of Dassault Systemes by 38.0% during the first quarter. Boston Common Asset Management LLC now owns 40,184 shares of the technology company's stock worth $1,517,000 after buying an additional 11,066 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC raised its stake in Dassault Systemes by 27.5% during the 1st 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. Institutional investors and hedge funds own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DASTY. Wall Street Zen raised Dassault Systemes from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Citigroup reiterated a "neutral" rating on shares of Dassault Systemes in a research note on Friday, July 25th. Finally, The Goldman Sachs Group upgraded shares of Dassault Systemes to a "strong-buy" rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Dassault Systemes currently has an average rating of "Buy".

Dassault Systemes Stock Performance

Shares of Dassault Systemes stock traded up $0.07 on Thursday, reaching $31.97. The stock had a trading volume of 75,791 shares, compared to its average volume of 124,235. The business's 50-day moving average price is $33.51 and its two-hundred day moving average price is $36.64. 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 fifty-two week low of $30.55 and a fifty-two week high of $44.18. The stock has a market cap of $42.86 billion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 4.22 and a beta of 0.99.

About Dassault Systemes

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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