Short Interest in 3D Printing Stocks Still Searching for a Bottom?

Investing

Published: July 13, 2015 7:50 am

Last Updated: April 28, 2020 4:44 am

Short interest during the two-week period ending June 30 came in mixed on the four 3D printing stocks we follow. Share prices for the stocks all posted new 52-week lows during the period, but that did not keep short interest from rising on three of the four stocks. Days to cover dropped on all for stocks, which could indicate that investors are still searching for a bottom in the solar stocks.

Short interest in 3D Systems Corp. (NYSE: DDD) rose 2.5% to 36.52 million shares. Some 34.5% of the company’s float is short. Days to cover fell from 22 to 15. In the two-week short interest period to June 30, the share price fell nearly 8.5%. The stock’s 52-week range is $16.34 to $58.64, and shares closed at $16.82 on Friday, up about 0.7% on the day.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest rise by 3.8% in the final two weeks of June to about 11.5 million shares, or about 25.6% of the company’s float. Days to cover slipped from nine to seven. The share price fell about 1.1% in the two-week period. The stock closed at $33.06 on Friday, up about 3.1% on the day, and the 52-week range is $31.88 to $130.83.

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Short interest in The ExOne Co. (NASDAQ: XONE) rose 1.1% to 3.01 million shares. About 33.1% of the company’s shares were short. ExOne’s share price fell about 9.6% in the two-week period. The stock’s 52-week range is $9.33 to $37.51, and shares closed at $10.07 on Friday, up 4.9% for the day. Days to cover slipped from 21 to 18.

Short interest in Voxeljet A.G. (NYSE: VJET) declined by 1.6% to 1.52 million shares, with days to cover remaining unchanged at 18. The share price fell more than 10% in the period. The stock closed at $6.15 on Friday, up about 1.8% for the day, in a 52-week range of $5.58 to $21.64.

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