Technology

3D Printing Short Sellers May Have Pulled Out Too Soon

Paul Ausick

Published: March 27, 2018 7:55 am

Last Updated: January 12, 2020 2:02 am

Short interest dropped during the two-week period ending March 15 on three of four 3D printing stocks we follow. All four ended Monday’s trading at a lower closing price than the closing price on March 15.

Short interest in 3D Systems Corp. (NYSE: DDD) fell by 3.9% to 35.63 million shares. Some 32.6% of the company’s float was short. Days to cover fell from 16 to eight. In the two-week short interest period, the share price rose by nearly 31%. The stock’s 52-week trading range is $7.92 to $23.70, and shares closed at $11.57 on Monday, up about 1.2% on the day.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest rise by 0.4% in the first two weeks of March to about 8.41 million shares, or 16.9% of the company’s float. Days to cover fell from nine to seven. The share price rose by about 2.1% in the two-week period. The stock closed at $20.56 on Monday, up about 2% on the day, in a 52-week range of $18.00 to $30.88.

Short interest in The ExOne Co. (NASDAQ: XONE) fell by 1.8% to 1.94 million shares. About 20.3% of the company’s shares were short. ExOne’s share price rose about 8.3% in the short interest period. The stock’s 52-week range is $6.72 to $14.43, and shares closed at $7.39 on Monday, down about 0.4% for the day. Days to cover fell from 32 to 17.

Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 0.3% to 489,401 American depositary shares, with days to cover rising from four to 11. Voxeljet rose by about 4.8% for the two-week period, and it closed at $3.72 on Monday, up about 0.8% for the day in a 52-week range of $2.61 to $6.37.