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

Dassault Systemes SA (OTCMKTS:DASTYGet Free Report) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 29,201 shares, a decline of 70.9% from the May 14th total of 100,482 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 168,073 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DASTY shares. The Goldman Sachs Group cut Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group reissued a “buy” rating on shares of Dassault Systemes in a research report on Monday, April 20th. Kepler Capital Markets raised shares of Dassault Systemes to a “strong-buy” rating in a research report on Thursday, February 19th. Zacks Research cut shares of Dassault Systemes from a “hold” rating to a “strong sell” rating in a research report on Friday, May 22nd. Finally, Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

View Our Latest Report on DASTY

Institutional Investors Weigh In On Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC acquired a new position in shares of Dassault Systemes SA (OTCMKTS:DASTYFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. 0.03% of the stock is owned by institutional investors.

Dassault Systemes Stock Performance

Shares of DASTY stock traded down $1.23 on Thursday, reaching $21.05. The stock had a trading volume of 27,563 shares, compared to its average volume of 306,749. Dassault Systemes has a 12 month low of $18.99 and a 12 month high of $38.49. The firm’s 50-day moving average is $22.21 and its two-hundred day moving average is $24.10. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $28.25 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 6.33 and a beta of 1.00.

Dassault Systemes Company Profile

(Get Free Report)

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.

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