Short Interest in Dassault Systemes SA (OTCMKTS:DASTY) Declines By 48.4%

Dassault Systemes SA (OTCMKTS:DASTY) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 78,305 shares, a decline of 48.4% from the April 15th total of 151,805 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 371,231 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Dassault Systemes

An institutional investor recently raised its position in Dassault Systemes stock. GAMMA Investing LLC raised its position in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,866 shares of the technology company’s stock after purchasing an additional 951 shares during the period. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.03% of the company’s stock.

Dassault Systemes Price Performance

Shares of Dassault Systemes stock traded up $0.37 on Friday, hitting $23.10. The company’s stock had a trading volume of 92,864 shares, compared to its average volume of 154,745. Dassault Systemes has a 52-week low of $18.99 and a 52-week high of $39.05. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $21.32 and a 200-day moving average price of $24.72. The company has a market capitalization of $31.00 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 6.31 and a beta of 1.01.

Analyst Ratings Changes

Several equities research analysts have commented on DASTY shares. Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a research report on Monday, April 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 lowered shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Citigroup restated a “neutral” rating on shares of Dassault Systemes in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.