Dassault Systemes SA (OTCMKTS:DASTY) Short Interest Down 70.9% in May

Dassault Systemes SA (OTCMKTS:DASTY) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 29,201 shares, a decrease of 70.9% from the May 14th total of 100,482 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 168,073 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research cut Dassault Systemes from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. The Goldman Sachs Group cut Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Citigroup reiterated a “neutral” rating on shares of Dassault Systemes in a research note on Friday, February 20th. Jefferies Financial Group reiterated a “buy” rating on shares of Dassault Systemes in a research note on Monday, April 20th. Finally, Kepler Capital Markets raised Dassault Systemes to a “strong-buy” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Dassault Systemes Stock Performance

Shares of DASTY stock traded down $1.52 on Friday, hitting $19.94. 260,135 shares of the stock traded hands, compared to its average volume of 103,693. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market capitalization of $26.76 billion, a PE ratio of 18.81, a PEG ratio of 6.27 and a beta of 1.00. Dassault Systemes has a 1-year low of $18.99 and a 1-year high of $38.49. The company’s fifty day moving average is $22.23 and its 200 day moving average is $24.03.

Institutional Investors Weigh In On Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC bought a new position in Dassault Systemes SA (OTCMKTS:DASTY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

About Dassault Systemes

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.