Why Short Sellers Are Exiting the 3D Printing Sector

Short interest in 3D Systems Corp. (NYSE: DDD) fell 5.6% to 31.46 million shares. Some 30.2% of the company’s stock is short. Days to cover is six. In the two-week short interest period to May 30, the share price rose 2.7%, but it is down nearly 48% for the year to date as of Tuesday’s close at $49.28. The stock’s 52-week range is $41.05 to $97.28.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest rise 16.3% in the final two weeks of May to 5.84 million shares, or about 13.8% of the company’s float. Days to cover is five. Shares gained about 3% in the two-week period but have given about half that back since. Shares closed up about 1.6% Tuesday night at $91.39, a drop of nearly 32% for the year to date. The stock’s 52-week range is $77.79 to $138.10.

Short interest in The ExOne Co. (NASDAQ: XONE) fell 6.1% to 3.37 million shares. About 33.9% of the company’s shares are now held short. Shares of ExOne rose 35% in the two-week period and closed at $27.29 Tuesday night, down about 55% year to date. The stock’s 52-week range is $24.34 to $78.80, and days to cover is seven. In the two-week period to May 30, ExOne’s shares lost 3.75%.

Voxeljet A.G. (NYSE: VJET) saw short interest fall 5.7% to 1.58 million shares, with a days to cover number of four. Since coming public at $19 in mid-October, the share price is down nearly 53%. Year to date, shares are down nearly 69%, but they rose about 1.5% in the two-week period to May 30. The stock closed at $13.68 Tuesday, in a post-IPO range of $12.85 to $70.00.

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