Dassault Systemes SA (OTCMKTS:DASTY) Short Interest Up 1,242.6% in June

Dassault Systemes SA (OTCMKTS:DASTY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 123,401 shares, an increase of 1,242.6% from the June 15th total of 9,191 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 636,924 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a research note on Monday, April 20th. Zacks Research raised Dassault Systemes from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Dassault Systemes Stock Performance

Shares of DASTY stock traded up $0.01 during trading hours on Friday, reaching $20.83. 166,137 shares of the company’s stock were exchanged, compared to its average volume of 246,819. The stock has a market capitalization of $27.95 billion, a P/E ratio of 19.65, a P/E/G ratio of 6.10 and a beta of 1.00. Dassault Systemes has a fifty-two week low of $18.99 and a fifty-two week high of $38.15. The business has a fifty day moving average price of $21.81 and a 200-day moving average price of $23.03. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.12.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently raised its position in Dassault Systemes stock. GAMMA Investing LLC lifted its holdings in shares of Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 SEC filing. 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.