Short Interest in Materialise NV (NASDAQ:MTLS) Decreases By 30.5%

Materialise NV (NASDAQ:MTLS) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 93,600 shares, a decrease of 30.5% from the January 15th total of 134,700 shares. Based on an average daily volume of 203,100 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Materialise from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th.

Institutional Investors Weigh In On Materialise

A number of institutional investors have recently modified their holdings of the company. Barclays PLC lifted its stake in Materialise by 45.3% during the 3rd quarter. Barclays PLC now owns 7,933 shares of the software maker’s stock worth $43,000 after acquiring an additional 2,473 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Materialise by 73.3% during the fourth quarter. GAMMA Investing LLC now owns 9,165 shares of the software maker’s stock worth $65,000 after purchasing an additional 3,875 shares in the last quarter. Truist Financial Corp purchased a new position in shares of Materialise in the fourth quarter valued at approximately $79,000. Commonwealth Equity Services LLC acquired a new position in shares of Materialise in the fourth quarter valued at approximately $85,000. Finally, Trexquant Investment LP acquired a new position in shares of Materialise in the fourth quarter valued at approximately $103,000. 19.30% of the stock is owned by institutional investors and hedge funds.

Materialise Trading Up 2.2 %

Materialise stock traded up $0.21 during trading on Friday, hitting $9.62. The company had a trading volume of 343,077 shares, compared to its average volume of 178,606. The stock has a market cap of $568.25 million, a price-to-earnings ratio of 50.63 and a beta of 1.22. The company has a current ratio of 1.81, a quick ratio of 1.65 and a debt-to-equity ratio of 0.10. Materialise has a 1-year low of $4.70 and a 1-year high of $9.69. The company’s 50 day simple moving average is $7.98 and its 200-day simple moving average is $6.59.

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.