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.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
