Short interest in 3D Systems rose 0.5% to 27.04 million shares. Some 28.8% of the company’s stock is short.
Short interest in Proto Labs rose 16.8% to 3.05 million shares, or 16.8% of the company’s float.
Stratasys saw short interest rise by 4% in the first two weeks of July to 3.58 million shares, or about 13% of the company’s float.
Short interest in ExOne fell by 7.8% to 2.15 million shares. About 31.8% of the company’s shares are now held short.
Shorts continue to target Proto Labs in the 3D sector because the company is a service provider only. Because the other 3D printer makers also sell equipment as well as services, Proto Labs is seen to be at a disadvantage.
3D printer stocks are still trading near year-to-date highs, with all but Stratasys posting double-digit gains. However, because the technology is relatively new, it is difficult to tell whether stocks are at a peak and have no place to go but down, or if they are about to sprout wings and soar. It is a wait-and-see-what-happens-next game for now.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
