Technology
One Big Move by Short Sellers in 3D Printing Sector
October 10, 2013 8:20 am
Last Updated: April 28, 2020 3:10 am
Source: Courtesy of 3D Systems Inc.
Short interest in 3D Systems fell 2.7% to 27.08 million shares. Some 28.3% of the company’s stock is short.
Short interest in Proto Labs increased by 4.7% to 3.02 million shares, or 14.9% of the company’s float.
Stratasys saw short interest drop 8.5% in the final two weeks of September to 2.77 million shares, or about 8.5% of the company’s float.
Short interest in ExOne soared by 79.7% to 3.24 million shares. About 31.8% of the company’s shares are now held short.
The short sellers piled into ExOne in the latter two weeks of the month, following the stock’s initial rating of Underperform with a price target of $48 by Credit Suisse. An IPO filing earlier in September by Germany’s Voxeljet, a direct competitor to ExOne, likely added to the increased attention from short sellers.
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