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

Dassault Systemes SA (OTCMKTS:DASTY) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 64,565 shares, a growth of 449.7% from the November 30th total of 11,746 shares. Based on an average trading volume of 967,734 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 967,734 shares, the days-to-cover ratio is presently 0.1 days.

Dassault Systemes Stock Performance

Dassault Systemes stock opened at $27.78 on Friday. Dassault Systemes has a fifty-two week low of $26.33 and a fifty-two week high of $44.18. The stock’s 50 day simple moving average is $28.29 and its two-hundred day simple moving average is $31.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market cap of $37.27 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 6.37 and a beta of 1.00.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Dassault Systemes from a “buy” rating to a “hold” rating in a report on Sunday, September 14th. Citigroup reiterated a “neutral” rating on shares of Dassault Systemes in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Institutional Trading of Dassault Systemes

An institutional investor recently raised its position in Dassault Systemes stock. Rhumbline Advisers boosted its stake in shares of Dassault Systemes SA (OTCMKTS:DASTY) by 18.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,836 shares of the technology company’s stock after buying an additional 3,306 shares during the period. Rhumbline Advisers’ holdings in Dassault Systemes were worth $795,000 at the end of the most recent reporting period. 0.03% of the stock is currently owned by institutional investors and hedge funds.

Dassault Systemes Company Profile

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.