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.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
