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

Dassault Systemes SA (OTCMKTS:DASTY) saw a significant growth in short interest during the month of 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 877,161 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 877,161 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Dassault Systemes Trading Down 3.3%

Shares of OTCMKTS DASTY traded down $0.70 during mid-day trading on Tuesday, hitting $20.80. The company’s stock had a trading volume of 682,324 shares, compared to its average volume of 385,822. Dassault Systemes has a one year low of $19.18 and a one year high of $43.53. The company’s fifty day simple moving average is $25.27 and its 200-day simple moving average is $28.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $27.91 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 5.98 and a beta of 1.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dassault Systemes stock. GAMMA Investing LLC boosted its stake in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 SEC filing. 0.03% of the stock is currently owned by institutional investors.

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.