Short Interest in Nano Dimension Ltd. (NASDAQ:NNDM) Drops By 13.3%

Nano Dimension Ltd. (NASDAQ:NNDM – Get Rating) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 13,260,000 shares, a decline of 13.3% from the February 13th total of 15,300,000 shares. Based on an average daily volume of 2,960,000 shares, the days-to-cover ratio is presently 4.5 days.

Hedge Funds Weigh In On Nano Dimension

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of Nano Dimension by 13.6% during the first quarter. Envestnet Asset Management Inc. now owns 48,556 shares of the technology company’s stock worth $173,000 after purchasing an additional 5,807 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Nano Dimension by 11.7% during the first quarter. Vanguard Group Inc. now owns 158,487 shares of the technology company’s stock worth $564,000 after acquiring an additional 16,594 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Nano Dimension by 162.1% during the first quarter. Renaissance Technologies LLC now owns 1,097,032 shares of the technology company’s stock worth $3,905,000 after acquiring an additional 678,505 shares in the last quarter. UBS Group AG boosted its holdings in Nano Dimension by 6.5% during the first quarter. UBS Group AG now owns 480,124 shares of the technology company’s stock worth $1,709,000 after purchasing an additional 29,105 shares during the last quarter. Finally, State Street Corp boosted its holdings in Nano Dimension by 8.6% during the first quarter. State Street Corp now owns 4,139,388 shares of the technology company’s stock worth $14,736,000 after purchasing an additional 329,039 shares during the last quarter. 24.34% of the stock is currently owned by institutional investors and hedge funds.

Nano Dimension Stock Performance

NASDAQ:NNDM opened at $2.77 on Friday. The firm’s 50-day moving average is $2.71 and its 200-day moving average is $2.57. Nano Dimension has a 52-week low of $2.06 and a 52-week high of $3.98.

Nano Dimension Company Profile

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Nano Dimension Ltd., together with its subsidiaries, provides additive electronics in Israel and internationally. The company's flagship product is DragonFly IV system that serves cross-industry High-Performance-Electronic-Devices' fabrication needs by depositing proprietary conductive and dielectric substances, as well as integrates in-situ capacitors, antennas, coils, transformers, and electromechanical components.