Short Sellers Get Selective in 3D Printing

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By Douglas A. McIntyre Published
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Short interest in the two-week period ending March 13 rose sharply for two of four of the 3D printing stocks we follow, while in one it declined and in another it was essentially flat. The highest increase in short interest accompanied an earnings miss, while the decline coincided with the appointment of a new company president.

Short interest in 3D Systems Corp. (NYSE: DDD) rose 5.8% to 38,601,557 shares. Some 36.6% of the company’s stock is short. Days to cover reached 19. In the two-week short interest period to March 13, the share price fell almost 10%. The stock’s 52-week range is $26.29 to $69.56, and shares closed at $28.19 on Tuesday. 3D Systems reported weak fourth-quarter and full-year 2014 results for the most recent periods.

Stratasys Ltd. (NASDAQ: SSYS) had a short interest increase of 11.9% in the first two weeks of March to 10,487,227 shares, or about 23.4% of the company’s float. Days to cover rose to 10. Shares fell about 8% in the two-week period. The stock closed at $59.87 on Tuesday the 52-week range is $51.55 to $130.83.

Short interest in The ExOne Co. (NASDAQ: XONE) pulled back 2.4% for the March 13 period to 3,570,434 shares. Around 40% of the company’s shares are now short. Shares of ExOne rose about 2% in the two-week period. The stock’s 52-week range is $13.19 to $48.66, and shares closed at $14.79 on Tuesday. Days to cover rose to more than 16.

Voxeljet A.G. (NYSE: VJET) posted short interest that rose 0.4% to 2,082,099, with days to cover rising slightly to 14. Shares fell more than 2% in the two-week period to March 13. The stock closed at $7.63 on Tuesday, in a 52-week range of $7.52 to $27.41.

ALSO READ: The Most Shorted Nasdaq Stocks List Now Topped by Intel

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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