Short Interest in 3D Printing Stocks Jump on Falling Share Prices

Technology

Published: August 25, 2017 9:20 am

Last Updated: January 12, 2020 8:47 am

Short interest during the two-week period ending August 15 rose on all four 3D printing stocks we follow. As of that date, all four stocks had seen share prices down sharply from 2017 highs.

Short interest in 3D Systems Corp. (NYSE: DDD) rose by 9.2% to 27.65 million shares. Some 25.3% of the company’s float was short. Days to cover fell from 12 to seven. In the two-week short interest period, the share price fell by nearly 27%. The stock’s 52-week trading range is $12.02 to $23.70, and shares closed at $12.58 on Thursday, up about 0.6% on the day. The share price had dropped by more than 13% for the year to date on August 15, now in negative territory after reaching a peak of up nearly 75% in mid-May.

Stratasys Ltd. (NASDAQ: SSYS) saw its short interest jump by nearly 28% in the first two weeks of August to about 5.09 million shares, or 10.3% of the company’s float. Days to cover fell from nine to six. The share price fell by nearly 9% in the two-week period, and the stock closed at $21.74 on Thursday, down about 0.7% on the day, in a 52-week range of $16.37 to $30.88. Shares were up about 24% for the year to date on August 15, a far cry from the 85% gain posted in mid-May.

Short interest in The ExOne Co. (NASDAQ: XONE) rose by 7.7% to 2.07 million shares. About 22.1% of the company’s shares were short. ExOne’s share price fell by about 32% in the two-week period. The stock’s 52-week range is $6.72 to $16.15, and shares closed at $7.84 on Thursday, down about 2.2% for the day. Days to cover fell from 25 to eight. The share price had dropped by nearly 23% for the year to date on August 15, now in negative territory after reaching a peak of up nearly 52% in mid-May.

Short interest in Voxeljet A.G. (NYSE: VJET) increased by 21.9% to 507,977 American depositary shares, with days to cover falling from 10 to six. The share price fell by more than 15% in the two weeks to August 15. The stock closed at $4.00 on Thursday, up about 4.2% for the day, in a 52-week range of $2.61 to $6.00. Voxeljet was up about 22% for the year to date through August 15, well below the 92% increase posted in early June.