Technology

Short Interest Wanes in 3D Printing Stocks

3D printing
Source: Thinkstock
Short interest in the two-week period ending August 29 fell for three of the four 3D printing companies we follow. Share prices at all four have posted year-to-date declines, and only one stock trades within sight of its 52-week high.

Short interest in 3D Systems Corp. (NYSE: DDD) fell 0.5% to 36.67 million shares. Some 35.1% of the company’s stock is short. Days to cover rose to 13. In the two-week short interest period, the share price rose more than 9%, and it is down nearly 44% for the year to date as of Wednesday’s close. The stock’s 52-week range is $43.35 to $97.28, and shares closed at $52.85 Wednesday.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall 0.7% in the final two weeks of August to 6.25 million shares, or about 14.3% of the company’s float. Days to cover now stands at 8. Shares rose nearly 10% in the two-week period. They closed at $123.55 Wednesday night and have dropped about 7.8% for the year to date. The stock’s 52-week range is $85.30 to $138.10.

Short interest in ExOne Co. (NASDAQ: XONE) rose about 3.5% to 4.49 million shares. About 50% of the company’s shares are now held short. Shares of ExOne rose 6% in the two-week period and closed at $28.81 Wednesday night, down about 54% year to date. The stock’s 52-week range is $24.34 to $70.25, and days to cover remained at 7.

Voxeljet A.G. (NYSE: VJET) saw short interest fall 4.3% to 2.93 million shares, with a days to cover number of 5. Since coming public at $19 in mid-October last year, the share price is down about 39.5%. Year to date, shares are down about 60% but they rose nearly 16% in the two-week period to August 29. The stock closed at $17.42 Wednesday, in a post-IPO range of $12.85 to $70.00.

READ ALSO: 5 Overbought Tech Stocks That Could Sell Off Big

Sponsored: Want to Retire Early? Start Here

Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.