Short Interest in Dassault Systemes SA (OTCMKTS:DASTY) Drops By 55.1%

Dassault Systemes SA (OTCMKTS:DASTY) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 143,754 shares, a decline of 55.1% from the March 15th total of 320,070 shares. Based on an average daily volume of 800,456 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Dassault Systemes

A hedge fund recently bought a new stake in Dassault Systemes stock. Douglass Winthrop Advisors LLC purchased a new position in shares of Dassault Systemes SA (OTCMKTS:DASTY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 87,451 shares of the technology company’s stock, valued at approximately $2,442,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

Dassault Systemes Price Performance

DASTY stock opened at $19.79 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.60 and a quick ratio of 1.55. Dassault Systemes has a 1-year low of $18.99 and a 1-year high of $39.23. The firm has a fifty day moving average price of $21.50 and a two-hundred day moving average price of $26.45. The firm has a market cap of $26.55 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 5.46 and a beta of 1.01.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DASTY shares. Kepler Capital Markets upgraded shares of Dassault Systemes to a “strong-buy” rating in a research note on Thursday, February 19th. Citigroup reiterated a “neutral” rating on shares of Dassault Systemes in a research note on Friday, February 20th. The Goldman Sachs Group lowered shares of Dassault Systemes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Rothschild & Co Redburn upgraded shares of Dassault Systemes to a “hold” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.