Short Sellers Losing Conviction in 3D Printing Stocks?

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By Paul Ausick Updated Published
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3D printing

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Short interest in the two-week period ending September 30 fell for all four 3D printing companies we follow. Share prices at all four are down year-to-date, and the stock price for all four declined in the two-week period.

Neither are these stocks trading as heavily as they once were. Short sellers appear to be waiting for the prices of these stocks to run up before wading in again. They could have a long wait.

Short interest in 3D Systems Corp. (NYSE: DDD) fell 6% to 33.63 million shares. Some 32.2% of the company’s stock is short. Days to cover slipped to 13. In the two-week short interest period to September 30, the share price fell 11% and is down more than 55% for the year to date as of the most recent close. The stock’s 52-week range is $40.58 to $97.28, and shares closed at $40.86 Thursday. The low was set Thursday.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall 15.7% in the final two weeks of September to 5.5 million shares, or about 12.6% of the company’s float. Days to cover now stands at five. Shares fell about 2.7% in the two-week period and closed at $112.19 Thursday night. They have dropped about 16% for the year to date. The stock’s 52-week range is $85.30 to $138.10.

Short interest in The ExOne Co. (NASDAQ: XONE) fell 2.9% to 4.49 million shares. About 49.5% of the company’s shares are now short. Shares of ExOne fell more than 26% in the two-week period and closed at $18.21 Thursday night, down about 71% year-to-date. The stock’s 52-week range is $16.00 to $70.25 and days to cover remained at nine.

Voxeljet A.G. (NYSE: VJET) saw short interest fall 1.4% to 2.86 million shares, with days to cover rising to 12. Since coming public at $19 in mid-October last year, the share price is down about 55%. Year to date, shares are down about 70% and they fell more than 18% in the two-week period to September 30. The stock closed at $12.84 Thursday, in a 52-week range of $12.30 to $70.00.

ALSO READ: Apple Slips From 5 Most Shorted Nasdaq Stocks

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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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