Dassault Systemes SA (OTCMKTS:DASTY) Short Interest Down 45.2% in March

Dassault Systemes SA (OTCMKTS:DASTY) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 320,070 shares, a drop of 45.2% from the February 26th total of 584,435 shares. Based on an average trading volume of 1,233,426 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Dassault Systemes

An institutional investor recently bought a new position in Dassault Systemes stock. Douglass Winthrop Advisors LLC bought a new position in shares of Dassault Systemes SA (OTCMKTS:DASTY) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Dassault Systemes Stock Performance

OTCMKTS DASTY opened at $19.47 on Friday. The stock has a fifty day simple moving average of $23.25 and a 200-day simple moving average of $27.49. The company has a current ratio of 1.60, a quick ratio of 1.55 and a debt-to-equity ratio of 0.13. The stock has a market cap of $26.12 billion, a PE ratio of 19.28, a P/E/G ratio of 5.28 and a beta of 1.01. Dassault Systemes has a twelve month low of $19.04 and a twelve month high of $40.10.

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.