Short Interest in Dassault Systemes SA (OTCMKTS:DASTY) Increases By 427.6%

Dassault Systemes SA (OTCMKTS:DASTY) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 593,054 shares, an increase of 427.6% from the January 15th total of 112,398 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 511,765 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 511,765 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Dassault Systemes

An institutional investor recently raised its position in Dassault Systemes stock. GAMMA Investing LLC boosted its position in shares of Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,866 shares of the technology company’s stock after buying an additional 951 shares during the quarter. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 at the end of the most recent reporting period. 0.03% of the stock is owned by institutional investors and hedge funds.

Dassault Systemes Stock Up 0.3%

Dassault Systemes stock opened at $26.82 on Wednesday. The business’s 50-day moving average price is $27.71 and its 200 day moving average price is $29.88. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The firm has a market cap of $35.98 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 6.13 and a beta of 0.98. Dassault Systemes has a 52 week low of $25.94 and a 52 week high of $44.18.

Wall Street Analyst Weigh In

DASTY has been the topic of several recent analyst reports. Rothschild & Co Redburn upgraded shares of Dassault Systemes to a “hold” rating in a report on Friday, January 9th. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a research report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Dassault Systemes has an average rating of “Buy”.

Dassault Systemes Company Profile

Dassault Systèmes is a France-based software company that develops solutions for 3D design, digital mock-up and product lifecycle management (PLM). Founded as a technology spin-off from Dassault Aviation in 1981, the company is headquartered near Paris and has grown into a global provider of engineering and business software used to model, simulate and manage products and processes across their lifecycles. Its platforms and applications are aimed at enabling digital continuity from ideation and design through manufacturing, operation and service.

The company’s product portfolio centers on the 3DEXPERIENCE platform, which integrates applications for computer-aided design (CAD), simulation, data management and collaboration.