Materialise NV (NASDAQ:MTLS) Short Interest Update

Materialise NV (NASDAQ:MTLS - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 440,600 shares, a decrease of 19.9% from the April 30th total of 550,000 shares. Based on an average trading volume of 224,700 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.8% of the shares of the stock are sold short.

Materialise Stock Performance

MTLS stock remained flat at $5.49 during midday trading on Thursday. The company's stock had a trading volume of 170,856 shares, compared to its average volume of 183,784. Materialise has a 12 month low of $3.93 and a 12 month high of $9.69. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $4.98 and a two-hundred day moving average price of $6.39. The stock has a market cap of $324.29 million, a P/E ratio of 21.96 and a beta of 1.63.

Materialise (NASDAQ:MTLS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The software maker reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $71.79 million during the quarter, compared to analysts' expectations of $67.00 million. Materialise had a return on equity of 5.47% and a net margin of 5.04%. Sell-side analysts predict that Materialise will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Randolph Co Inc acquired a new stake in shares of Materialise in the first quarter valued at approximately $49,000. Truist Financial Corp purchased a new stake in Materialise in the 4th quarter valued at $79,000. Commonwealth Equity Services LLC acquired a new stake in shares of Materialise in the 4th quarter worth $85,000. Trexquant Investment LP acquired a new stake in shares of Materialise in the 4th quarter worth $103,000. Finally, Jane Street Group LLC purchased a new position in shares of Materialise during the 1st quarter worth $75,000. 19.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Materialise from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.