Dassault Systemes SA (OTCMKTS:DASTY) Sees Large Increase in Short Interest

Dassault Systemes SA (OTCMKTS:DASTY) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 584,435 shares, a growth of 1,635.1% from the February 12th total of 33,683 shares. Based on an average daily volume of 877,161 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 877,161 shares, the days-to-cover ratio is presently 0.7 days.

Dassault Systemes Trading Up 1.1%

Dassault Systemes stock opened at $21.03 on Thursday. Dassault Systemes has a one year low of $19.18 and a one year high of $43.06. The company’s fifty day moving average price is $24.99 and its two-hundred day moving average price is $28.29. The company has a market capitalization of $28.21 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 5.73 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.60 and a quick ratio of 1.55.

Institutional Investors Weigh In On Dassault Systemes

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC grew its holdings in 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 fund owned 2,866 shares of the technology company’s stock after purchasing an additional 951 shares during the quarter. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Kepler Capital Markets raised Dassault Systemes to a “strong-buy” rating in a research report on Thursday, February 19th. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a research note on Friday, February 20th. Rothschild & Co Redburn upgraded Dassault Systemes to a “hold” rating in a report on Friday, January 9th. Finally, The Goldman Sachs Group lowered shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.