Industrials
Short Sellers Losing Interest in 3D Printing Stocks?
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Short interest in 3D Systems fell 3.7% to 26.05 million shares. Some 27.8% of the company’s stock is short.
Short interest in Proto Labs declined by 10.2% to 2.74 million shares, or 13.6% of the company’s float.
Stratasys saw short interest drop by 5.4% in the last two weeks of July to 3.39 million shares, or about 12.3% of the company’s float.
Short interest in ExOne fell by 4.3% to 2.06 million shares. About 30.4% of the company’s shares are now held short.
3D printer stocks continue to trade near or at year-to-date highs. Last week’s positive earnings report from Stratasys put some more air under the stocks. ExOne reports earnings later this week, and analysts expect an earnings per share loss of $0.06 on revenues of $9.33 million. Anything better than that will boost all the players again and send the shorts out to cover. Could be an interesting few days.
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