Materialise NV (NASDAQ:MTLS) Short Interest Update

Materialise NV (NASDAQ:MTLS) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 385,027 shares, a growth of 23.7% from the January 29th total of 311,368 shares. Based on an average daily trading volume, of 115,541 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily trading volume, of 115,541 shares, the days-to-cover ratio is presently 3.3 days.

Institutional Trading of Materialise

A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in Materialise by 116.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,726 shares of the software maker’s stock valued at $26,000 after acquiring an additional 2,546 shares during the last quarter. XTX Topco Ltd increased its position in shares of Materialise by 327.0% during the fourth quarter. XTX Topco Ltd now owns 49,915 shares of the software maker’s stock worth $277,000 after purchasing an additional 38,225 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Materialise in the 4th quarter valued at about $56,000. Millennium Management LLC acquired a new stake in shares of Materialise in the 4th quarter valued at about $75,000. Finally, Archon Capital Management LLC grew its stake in Materialise by 50.6% during the 4th quarter. Archon Capital Management LLC now owns 654,623 shares of the software maker’s stock worth $3,633,000 after buying an additional 219,995 shares during the last quarter. 19.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on MTLS. Weiss Ratings reiterated a “hold (c)” rating on shares of Materialise in a research note on Monday, December 29th. Cantor Fitzgerald set a $10.00 price target on Materialise and gave the stock an “overweight” rating in a research note on Friday, February 20th. Finally, Zacks Research cut shares of Materialise from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Materialise Trading Up 1.9%

MTLS opened at $5.27 on Thursday. The company has a quick ratio of 2.27, a current ratio of 2.43 and a debt-to-equity ratio of 0.19. The firm has a market cap of $311.30 million, a P/E ratio of 35.14 and a beta of 1.16. Materialise has a 52 week low of $3.93 and a 52 week high of $6.80. The business has a fifty day simple moving average of $5.54 and a 200-day simple moving average of $5.64.

Materialise (NASDAQ:MTLS) last announced its earnings results on Thursday, February 19th. The software maker reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $82.32 million during the quarter, compared to analysts’ expectations of $70.73 million. Materialise had a return on equity of 3.23% and a net margin of 2.96%. On average, equities analysts expect that Materialise will post 0.3 earnings per share for the current year.

About Materialise

Materialise NV is a Belgium-based company specializing in 3D printing software and additive manufacturing services. Through its dual focus on software and printing, the company addresses a wide range of industries, including automotive, aerospace, consumer goods, and healthcare. Materialise’s offerings span from design and simulation tools to end-to-end production, delivering both standardized and highly customized parts across polymer and metal platforms.

On the software side, Materialise develops a suite of proprietary applications—such as Magics for data preparation, Mimics for medical image processing and patient-specific modeling, and Streamics for production workflow management.