Short Interest in Dassault Systèmes SE Increases By 81.6%

During March, Dassault Systèmes SE (OTCMKTS:DASTY) experienced a considerable rise in short interest. As of March 15th, the short interest totaled 50,300 shares, marking an impressive growth of 81.6% compared to the previous total from February 28th, which was 27,700 shares. With an average daily trading volume of 209,900 shares, the current days-to-cover ratio stands at 0.2 days. It is worth noting that only 0.0% of the company's shares are currently sold short.

Market Performance

Stock Movement and Metrics

On Friday, shares of Dassault Systèmes (OTCMKTS:DASTY) lost 1.5%, declining by $0.60 to reach a midday trading price of $39.19. The trading volume during this period was 118,333 shares, slightly above the average volume of 112,925 shares. Over the past year, the stock hit a low of $32.85 and a high of $45.13. The fifty-day simple moving average is $40.98, while the 200-day simple moving average is $37.73. The company reports a debt-to-equity ratio of 0.26, a current ratio of 1.93, and a quick ratio of 1.93. Dassault Systèmes has a market capitalization of $52.45 billion, with a price-to-earnings ratio of 39.99 and a price-to-earnings-growth ratio of 3.83. Its beta is recorded at 0.90.

Recent Earnings Report

Dassault Systèmes announced its quarterly earnings on February 4th. The technology company reported earnings per share (EPS) of $0.38 for the quarter, which was $0.04 lower than analysts’ consensus estimate of $0.42. The company posted a net margin of 19.29% and a return on equity of 18.50%. Looking ahead, analysts predict that Dassault Systèmes will achieve an EPS of 1.31 for the current fiscal year.

Analyst Recommendations

In other news, Berenberg Bank upgraded Dassault Systèmes from a "hold" rating to a "strong-buy" rating on March 3rd.

About Dassault Systèmes

Dassault Systèmes SE specializes in software solutions and services on a global scale. Their offerings include SOLIDWORKS for accessible 2D and 3D product development, CATIA for engineering and design, GEOVIA for natural resources and urban planning, and BIOVIA for chemical, biological, and material development innovations.

Investment Considerations

Before making any investment decisions regarding Dassault Systèmes, it's advisable to conduct thorough research. Analysts track various stocks and provide recommendations. Currently, several top-rated analysts suggest alternative stocks they believe may present better investment opportunities.

Stocks, Investing, Market