A significant increase in investors who held short positions in Altair Engineering INC during February was observed (NASDAQ: ALTR).
As of February 28, there were a total of 2,570,000 shares available for a short sale.
This figure represents a 6.2% increase over the number of shares available for a short sale the previous day, which was 2,420,000.
The current days-to-cover ratio is 8.7 days, based on an average daily volume of 296.600 shares.
This number was calculated using the data.
Reports on ALTR have been published relatively recently by several brokerage houses.
These studies were just published a short while ago. Rosenblatt Securities increased their price objective on shares of Altair Engineering from $63.00 to $67.00 and upgraded the company’s rating from “hold” to “buy” in a research note published on Friday, February 24. Goldman Sachs Group changed their rating of Altair Engineering’s stock from “sell” to “neutral” and raised their price target for the company’s shares in a research note published on Monday, February 27.
The note was about the company’s stock and was about to be released.
The rating for Altair Engineering was raised from a “d+” to a “c” in a research note published by TheStreet on Friday, February 24, 2019.
In a research note published on Friday, February 24, Oppenheimer assigned an “outperform” rating to the stock of Altair Engineering and raised their target price from $60.00 to $65.00.
Both of these changes were made in response to recent market activity.
In addition, the price target they had set for the stock was increased from $60.00 to $65.00.
Loop Capital increased its target price on Altair Engineering shares from $60.00 to $70.00 in a research report published on Friday, February 24.
This was the third and final change, and it was also the most significant.
It has been suggested by a total of five different financial analysts that the stock should be purchased, while only one has suggested that it should be sold.
The company’s target price is currently $64.33, and the consensus recommendation for the company on Bloomberg.com is “Moderate Buy.”
On Thursday, the opening price of a share on the NASDAQ ALTR was $67.00.
The stock has a price-to-earnings ratio of -115.52, a price-to-growth ratio of 20.82, and a beta value of 1.45.
The market value of the company’s stock is $5.36 billion.
There is a debt-to-equity ratio of 0.4, the current ratio is 2.26, the quick ratio is 2.26, and the current ratio is 2.26.
The price of Altair Engineering has ranged from $43.17 to $67.61 over the past year, with a 50-day moving average of $56.42 and a 200-day moving average of $50.42.
In addition, Altair Engineering has had a moving average of $67.61 over the past 200 days.
According to earlier reports concerning Altair Engineering, Chief Administrative Officer Brian Gayle sold 1,156 shares on February 28.
This information was obtained from publicly available sources.
A total of $74,562.00 worth of shares changed hands on the market, and the average price per share received was $64.50. Following the successful conclusion of the transaction, the chief accounting officer now directly owns 16,135 shares of the company, which have a combined value of approximately $1,040,707.50.
The documentation that describes the transaction was sub