Short Interest in Dassault Systemes SA (OTCMKTS:DASTY) Expands By 1,033.9%

Dassault Systemes SA (OTCMKTS:DASTY) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 66,900 shares, a growth of 1,033.9% from the September 15th total of 5,900 shares. Based on an average daily volume of 253,100 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 253,100 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Riverbridge Partners LLC bought a new stake in shares of Dassault Systemes during the 1st quarter valued at $206,000. Rhumbline Advisers raised its position in shares of Dassault Systemes by 18.9% during the 1st quarter. Rhumbline Advisers now owns 20,836 shares of the technology company’s stock valued at $795,000 after purchasing an additional 3,306 shares during the period. Yousif Capital Management LLC raised its position in shares of Dassault Systemes by 7.4% during the 2nd quarter. Yousif Capital Management LLC now owns 22,389 shares of the technology company’s stock valued at $808,000 after purchasing an additional 1,550 shares during the period. Finally, Azimuth Capital Investment Management LLC raised its position in shares of Dassault Systemes by 27.5% during the 1st quarter. Azimuth Capital Investment Management LLC now owns 120,425 shares of the technology company’s stock valued at $4,545,000 after purchasing an additional 25,988 shares during the period. 0.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DASTY shares. Citigroup reissued a “neutral” rating on shares of Dassault Systemes in a report on Friday, July 25th. Wall Street Zen cut shares of Dassault Systemes from a “buy” rating to a “hold” rating in a report on Sunday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Dassault Systemes Stock Up 2.3%

DASTY opened at $34.36 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.25. Dassault Systemes has a 1-year low of $30.55 and a 1-year high of $44.18. The company has a market capitalization of $46.07 billion, a PE ratio of 37.35, a PEG ratio of 5.13 and a beta of 1.01. The firm’s 50 day simple moving average is $32.31 and its two-hundred day simple moving average is $35.15.

Dassault Systemes Company Profile

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; 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.