Short interest in 3D Systems fell 2.9% to 26.54 million shares. Some 31% of the company’s stock is short.
Short interest in Proto Labs rose 8.4% to 1.55 million shares, or 8.2% of the company’s float.
Stratasys saw short interest fall by 7.7% in the last two weeks of April to 4.09 million shares, or about 15% of the company’s float.
Short interest in ExOne rose by 7.3% to 2.22 million shares. About 32.8% of the company’s shares are now held short.
Short interest in half these firms rose, while it fell in the other half. The rise in short interest in Proto Labs is likely the result of a rather tepid earnings report that came out during the final two weeks. The rise in short interest at ExOne could be a bet against the company’s first-quarter earnings results, due out next week.
Both 3D Systems and Stratasys saw declines in short interest in the latter two weeks of April. Even a secondary offering could not slow down 3D Systems’ 25% share price gain since April 15. Stratasys reports first-quarter results next Monday and is expected to post earnings per share of $0.38 on revenues of $98.07 million.
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
