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

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By Paul Ausick Updated Published
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3D printing Stratasys
Stratasys Ltd/MakerBot Industries LLC
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.

ALSO READ: The 6 Most Shorted Nasdaq Stocks in June

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.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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