Dassault Systemes SA (OTCMKTS:DASTY) Short Interest Up 164.9% in July

Key Points

• Short interest in Dassault Systemes SA surged by 164.9% in July, with total short shares reaching 9,800 from 3,700, reflecting increased market speculation.
• The company's stock price rose by 1.1% to $31.44, while its market cap stands at $42.15 billion, amid a P/E ratio of 34.17.
• Analyst ratings have been mixed, with Goldman Sachs upgrading the stock to "strong-buy," while Wall Street Zen downgraded it to "hold" as of August.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 9,800 shares, anincreaseof164.9% from the July 15th total of 3,700 shares. Currently,0.0% of the company's shares are short sold. Based on an average daily volume of 212,500 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 212,500 shares, the short-interest ratio is presently 0.0 days. Currently,0.0% of the company's shares are short sold.

Dassault Systemes Stock Down 2.0%

OTCMKTS:DASTY traded down $0.65 during trading hours on Thursday, hitting $31.14. 131,006 shares of the company traded hands, compared to its average volume of 184,071. Dassault Systemes has a one year low of $30.55 and a one year high of $44.18. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.25. The company has a market cap of $41.75 billion, a PE ratio of 26.71, a PEG ratio of 4.12 and a beta of 0.98. The firm's 50-day simple moving average is $34.95 and its 200-day simple moving average is $37.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverbridge Partners LLC purchased a new stake in Dassault Systemes in the 1st quarter valued at about $206,000. Rhumbline Advisers increased its position in shares of Dassault Systemes by 18.9% during the 1st 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. Yousif Capital Management LLC increased 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 valued at $808,000 after purchasing an additional 1,550 shares during the last quarter. Boston Common Asset Management LLC increased its position in shares of Dassault Systemes by 38.0% during the 1st quarter. Boston Common Asset Management LLC now owns 40,184 shares of the technology company's stock valued at $1,517,000 after purchasing an additional 11,066 shares during 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 buying an additional 25,988 shares during the last quarter. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DASTY has been the topic of several research analyst reports. Citigroup restated a "neutral" rating on shares of Dassault Systemes in a research report on Friday, July 25th. The Goldman Sachs Group upgraded shares of Dassault Systemes to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Wall Street Zen lowered shares of Dassault Systemes from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock 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.