Technology
Short Interest in 3D Printing Stocks Continues to Drop
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Short interest during the two-week period ending February 12 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 around 18%. The one stock that fell during the two-week period slipped nearly 8%. None of these companies has yet reported quarterly results.
Short interest in 3D Systems Corp. (NYSE: DDD) fell by 7.9% to 30.94 million shares. Some 29.3% of the company’s float was short. Days to cover fell from 11 to 10. In the two-week short interest period, the share price rose about 13.6%. The stock’s 52-week range is $6.00 to $32.88, and shares closed at $10.18 on Wednesday, up about 1.4% on the day.
Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall by 6.6% in the first two weeks of February to about 9.96 million shares, or about 20.5% of the company’s float. Days to cover rose from six to nine. The share price rose by about 2.4% in the two-week period, and the stock closed at $18.28 on Wednesday, up more than 2% on the day, in a 52-week range of $14.48 to $65.23.
Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 1.8% to 1.06 million American depositary shares (ADSs), with days to cover rising from 18 to 27. The stock price rose by nearly 12% in the two-week period to February 12. The ADSs closed at $4.33 on Wednesday, down about 1.9% for the day, in a 52-week range of $3.50 to $9.35.
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