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) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 2,800 shares, a decline of 87.7% from the August 15th total of 22,800 shares. Based on an average daily volume of 294,600 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company's stock are sold short. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 294,600 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Dassault Systemes

Several hedge funds and other institutional investors have recently modified their holdings of DASTY. Azimuth Capital Investment Management LLC grew its position 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 worth $4,545,000 after purchasing an additional 25,988 shares during the last quarter. Boston Common Asset Management LLC lifted its stake 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 period. Riverbridge Partners LLC purchased a new stake in shares of Dassault Systemes during the first quarter valued at $206,000. Rhumbline Advisers increased its position in shares of Dassault Systemes by 18.9% in the 1st quarter. Rhumbline Advisers now owns 20,836 shares of the technology company's stock valued at $795,000 after acquiring an additional 3,306 shares during the period. Finally, Yousif Capital Management LLC increased its position 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 valued at $808,000 after acquiring an additional 1,550 shares during the period. 0.03% of the stock is owned by hedge funds and other institutional investors.

Dassault Systemes Stock Up 2.3%

Dassault Systemes stock traded up $0.74 during midday trading on Tuesday, reaching $32.53. The company's stock had a trading volume of 94,584 shares, compared to its average volume of 149,806. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market capitalization of $43.61 billion, a P/E ratio of 26.71, a PEG ratio of 4.12 and a beta of 0.99. The stock's 50-day simple moving average is $33.22 and its 200-day simple moving average is $36.42. Dassault Systemes has a 52-week low of $30.55 and a 52-week high of $44.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Dassault Systemes to a "strong-buy" rating in a report on Friday, June 6th. Wall Street Zen cut Dassault Systemes from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Citigroup reiterated a "neutral" rating on shares of Dassault Systemes in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy".

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.