Dassault Systemes SA (OTCMKTS:DASTY) Stock Short Interest Rises 95.6%

Key Points

• Short interest nearly doubled: Shares sold short rose 95.6% to 286,528 as of October 15, though this represented approximately 0.0% of outstanding shares and a short-interest ratio of 1.0 days.
• Stock performance and valuation: Dassault Systemes shares opened at $28.24, up 0.6%, with a market capitalization of $37.90 billion and a 12-month trading range of $18.99 to $29.07.
• Analyst sentiment remains cautious: Jefferies maintained an “underperform” rating, while Citigroup and Deutsche Bank reiterated “neutral” and “hold” ratings, respectively. MarketBeat’s consensus rating is “Hold.”

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 286,528 shares, a growth of 95.6% from the September 30th total of 146,487 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 288,445 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Dassault Systemes

A hedge fund recently bought a new position in Dassault Systemes stock. CHICAGO TRUST Co NA purchased a new stake in Dassault Systemes SA (OTCMKTS:DASTY - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,937 shares of the technology company's stock, valued at approximately $278,000. 0.03% of the stock is owned by institutional investors.

Dassault Systemes Stock Up 0.6%

OTCMKTS DASTY opened at $28.24 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average is $25.12 and its 200 day moving average is $23.23. Dassault Systemes has a 12 month low of $18.99 and a 12 month high of $29.07. The stock has a market cap of $37.90 billion, a PE ratio of 24.56, a P/E/G ratio of 5.33 and a beta of 0.99.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DASTY. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Dassault Systemes in a research note on Wednesday. Citigroup restated a "neutral" rating on shares of Dassault Systemes in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Dassault Systemes in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

About Dassault Systemes

Dassault Systèmes SE is a France-based software company that develops three-dimensional design, engineering, simulation, manufacturing, and product-lifecycle management solutions. Its technologies help organizations create, test, manufacture, and manage products and processes in virtual environments.

The company's principal offering is the 3DEXPERIENCE platform, which connects design, engineering, simulation, manufacturing, and collaboration tools. Its portfolio includes CATIA for computer-aided design and engineering, SOLIDWORKS for 3D design, SIMULIA for simulation, DELMIA for manufacturing and operations, ENOVIA for product lifecycle management, and BIOVIA for scientific modeling and materials science.

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