Short Interest Wanes in 3D Printing Stocks

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By Paul Ausick Updated Published

3D printing

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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

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Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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