Technology

Short Interest Still Falling in 3D Printing Stocks

courtesy of 3D Systems Inc.

Short interest during the two-week period ending June 30 rose on just one of four 3D printing stocks we follow. As of that date, the four stocks had posted year-to-date gains ranging from around 25% to around 60%.

Short interest in 3D Systems Corp. (NYSE: DDD) rose by 3.2% to 24.31 million shares. Some 22.3% of the company’s float was short. Days to cover fell from 11 to nine. In the two-week short interest period, the share price fell by about 8.4%. The stock’s 52-week trading range is $11.98 to $23.70, and shares closed at $18.20 on Wednesday, up about 0.9% on the day. Shares have gained about 37% since the beginning of the year.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall by 7.3% in the last two weeks of June to about 4.34 million shares, or 8.7% of the company’s float. Days to cover fell from eight to six. The share price fell by 11% in the two-week period, and the stock closed at $24.19 on Wednesday, up about 1.1% on the day, in a 52-week range of $16.37 to $30.88. Shares are up more than 46% year to date.

Short interest in The ExOne Co. (NASDAQ: XONE) fell by 3.4% to 2.08 million shares. About 19.3% of the company’s shares were short. ExOne’s share price fell by about 12.5% in the period. The stock’s 52-week range is $9.13 to $16.15, and shares closed at $11.79 on Wednesday, up about 3% for the day. Days to cover fell from 17 to 14. The share price is up more than 26% for the year to date.

Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 10.5% to 481,527 American depositary shares, with days to cover rising from four to eight. The share price plummeted by 20% in the two weeks to June 30. Voxeljet closed at $4.69 on Wednesday, up 0.6% for the day, in a 52-week range of $2.61 to $6.00. It is up about 63% for the year to date.

 

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