Short Interest in Dassault Systèmes SE (OTCMKTS:DASTY) Drops By 81.5%

Dassault Systèmes SE (OTCMKTS:DASTY) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 9,100 shares, a drop of 81.5% from the February 29th total of 49,300 shares. Based on an average daily trading volume, of 220,000 shares, the days-to-cover ratio is currently 0.0 days.

Dassault Systèmes Stock Performance

Dassault Systèmes stock traded down $0.44 during mid-day trading on Thursday, hitting $44.28. 69,517 shares of the company’s stock traded hands, compared to its average volume of 185,271. The firm has a 50 day simple moving average of $47.17 and a two-hundred day simple moving average of $44.63. Dassault Systèmes has a fifty-two week low of $35.62 and a fifty-two week high of $53.00. The stock has a market cap of $59.20 billion, a price-to-earnings ratio of 51.49, a P/E/G ratio of 5.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.62 and a quick ratio of 1.58.

Dassault Systèmes (OTCMKTS:DASTY) last posted its earnings results on Thursday, February 1st. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Dassault Systèmes had a return on equity of 18.36% and a net margin of 17.65%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, research analysts expect that Dassault Systèmes will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Dassault Systèmes

A number of hedge funds and other institutional investors have recently modified their holdings of DASTY. Rhumbline Advisers acquired a new position in Dassault Systèmes in the second quarter valued at about $496,000. Captrust Financial Advisors grew its position in Dassault Systèmes by 29.6% in the second quarter. Captrust Financial Advisors now owns 32,624 shares of the technology company’s stock valued at $1,201,000 after acquiring an additional 7,456 shares during the last quarter. Sandhill Capital Partners LLC bought a new position in Dassault Systèmes in the fourth quarter valued at about $223,000. Riverbridge Partners LLC bought a new position in Dassault Systèmes in the fourth quarter valued at about $220,000. Finally, Fisher Asset Management LLC grew its position in Dassault Systèmes by 3.5% in the fourth quarter. Fisher Asset Management LLC now owns 89,352 shares of the technology company’s stock valued at $4,366,000 after acquiring an additional 3,001 shares during the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

About Dassault Systèmes

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS design software for mechanical and electronic printed circuit board design solutions, product data management, simulation, manufacturing, and technical communication; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.