Short Interest in Dassault Systemes SA (OTCMKTS:DASTY) Rises By 1,033.9%

Key Points

• Short interest in Dassault Systemes increased by an astonishing 1,033.9% in September, rising to 66,900 shares from just 5,900 shares on September 15th.
• Hedge funds have shown increased investment activity in Dassault Systemes, with Yousif Capital Management boosting its stake by 7.4% and Azimuth Capital increasing its stake by 27.5% in recent quarters.
• The stock currently has a market cap of $46.07 billion and an average rating of "Buy" from analysts, despite a recent downgrade to "hold" by Wall Street Zen.

Dassault Systemes SA (OTCMKTS:DASTY - Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 66,900 shares, a growth of 1,033.9% from the September 15th total of 5,900 shares. Based on an average trading volume of 253,100 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 253,100 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Dassault Systemes

A number of hedge funds have recently modified their holdings of the stock. Yousif Capital Management LLC boosted its stake in 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 buying an additional 1,550 shares in 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 valued at $795,000 after acquiring an additional 3,306 shares during the period. Azimuth Capital Investment Management LLC boosted its stake 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 valued at $4,545,000 after purchasing an additional 25,988 shares in the last quarter. Finally, Riverbridge Partners LLC bought a new stake in shares of Dassault Systemes in the 1st quarter worth about $206,000. 0.03% of the stock is owned by institutional investors and hedge funds.

Dassault Systemes Price Performance

OTCMKTS DASTY traded up $0.79 on Thursday, reaching $34.36. The company's stock had a trading volume of 440,450 shares, compared to its average volume of 127,014. Dassault Systemes has a 52 week low of $30.55 and a 52 week high of $44.18. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.25. The firm has a market cap of $46.07 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 5.07 and a beta of 1.01. The business has a 50-day moving average price of $32.26 and a 200 day moving average price of $35.18.

Wall Street Analysts Forecast Growth

DASTY has been the subject of several research reports. Wall Street Zen cut Dassault Systemes from a "buy" rating to a "hold" rating in a research report on Sunday, September 14th. Citigroup reissued a "neutral" rating on shares of Dassault Systemes in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently 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.

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