Short Interest in Dassault Systemes SA (OTCMKTS:DASTY) Declines By 70.9%

Dassault Systemes SA (OTCMKTS:DASTY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 29,201 shares, a drop of 70.9% from the May 14th total of 100,482 shares. Based on an average daily volume of 168,073 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Dassault Systemes stock. GAMMA Investing LLC increased its stake in Dassault Systemes SA (OTCMKTS:DASTY) by 49.7% during the 4th quarter, according to the company in 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 period. GAMMA Investing LLC’s holdings in Dassault Systemes were worth $80,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.03% of the company’s stock.

Dassault Systemes Stock Performance

Shares of OTCMKTS DASTY traded down $1.23 during mid-day trading on Thursday, reaching $21.05. 27,563 shares of the company’s stock were exchanged, compared to its average volume of 306,749. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $28.25 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 6.33 and a beta of 1.00. The firm has a 50-day moving average price of $22.21 and a two-hundred day moving average price of $24.10. Dassault Systemes has a 52 week low of $18.99 and a 52 week high of $38.49.

Wall Street Analysts Forecast Growth

DASTY has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Dassault Systemes in a research report on Monday, April 20th. Citigroup restated a “neutral” rating on shares of Dassault Systemes in a report on Friday, February 20th. Kepler Capital Markets upgraded Dassault Systemes to a “strong-buy” rating in a 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 report on Tuesday, March 3rd. Finally, Zacks Research cut shares of Dassault Systemes from a “hold” rating to a “strong sell” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

About Dassault Systemes

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.