Short Interest Sags in 3D Printing Stocks

Short interest during the two-week period ending February 29 fell on all four 3D printing stocks we follow. Share prices for three of the four stocks rose during the two-week period, ranging from a drop of around 2% to a gain of about 22%. Only one of these companies has yet reported quarterly results.

Short interest in 3D Systems Corp. (NYSE: DDD) fell by 8.5% to 28.3 million shares. Some 26.8% of the company’s float was short. Days to cover fell from 10 to nine. In the two-week short interest period, the share price rose by nearly 22%. The stock’s 52-week range is $6.00 to $32.88, and shares closed at $11.89 on Wednesday, up about 1% on the day.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall by 17.2% in the last two weeks of February to about 8.25 million shares, or about 17.1% of the company’s float. Days to cover increased from nine to 11. The share price rose by about 21.5% in the two-week period and the stock closed at $25.44 on Wednesday, up about 2.2% on the day, in a 52-week range of $14.48 to $62.58. When Stratasys reported earnings last week, the good results pulled up the entire sector. Then on Monday JPMorgan downgraded it from Neutral to Underweight and stalled the upward trend.
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Short interest in ExOne Co. (NASDAQ: XONE) fell 6.2% to 2.2 million shares. About 24.4% of the company’s shares were short. ExOne’s share price rose more than 7% in the two-week period. The stock’s 52-week range is $5.81 to $15.97, and shares closed at $11.06 on Wednesday, down nearly 2% for the day. Days to cover fell from 19 to 15.

Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 9.7% to 960,000 American depositary shares, with days to cover falling from 27 to 18. The share price fell by 2% in the two-week period to February 29. The stock closed at $5.00 on Wednesday, down about 3.3% for the day, in a 52-week range of $3.50 to $9.35.