Technology
Short Sellers Got Squeezed in the 3D Printing Sector
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Short interest in 3D Systems Corp. (NYSE: DDD) fell 4.8% to 32.34 million shares. Some 31% of the company’s stock is short. Days to cover has dropped to seven. In the two-week short interest period to June 30, the share price rose more than 21%, but it is down nearly 41% for the year to date as of Thursday night’s close. The stock’s 52-week range is $43.35 to $97.28, and shares closed at $55.95.
Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall 7.5% in the last two weeks of June to 6.46 million shares, or about 15.2% of the company’s float. Days to cover is now six. Shares gained about 19% in the two-week period and have gained nearly 14% since June 13. Shares closed down about 1.6% Thursday night at $103.30, a drop of about 23% for the year to date. The stock’s 52-week range is $79.83 to $138.10.
Short interest in The ExOne Co. (NASDAQ: XONE) rose 11.3% to 3.54 million shares. About 43% of the company’s shares are now held short. Shares of ExOne rose nearly 37% in the two-week period and closed at $35.83 Thursday night, down about 43% year to date. The stock’s 52-week range is $24.34 to $78.80 and days to cover is six.
Voxeljet A.G. (NYSE: VJET) saw short interest rise 4.9% to 1.82 million shares, with a days to cover number of two. Since the company came public at $19 in mid-October, the share price is down about 35%. Year to date, shares are down nearly 57%, but rose about 47% in the two-week period to June 30. The stock closed at $18.64 Thursday, in a post-IPO range of $12.85 to $70.00.
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