Technology
Short Sellers Begin Bailing Out of 3D Printing Stocks
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Short interest in 3D Systems Corp. (NYSE: DDD) fell 0.5% to 36.5 million shares. Some 34.6% of the company’s stock is short. Days to cover remained unchanged at 10. In the two-week short interest period to February 27, the share price fell about 7%. The stock’s 52-week range is $27.00 to $69.56, and shares closed at $27.55 on Tuesday.
Stratasys Ltd. (NASDAQ: SSYS) saw short interest decline 2.6% in the final two weeks of February to 9.37 million shares, or about 20.9% of the company’s float. Days to cover rose to 10. Shares fell about 7.5% in the two-week period. The stock closed at $60.12 on Tuesday, and the 52-week range is $51.55 to $130.83.
Short interest in The ExOne Co. (NASDAQ: XONE) fell 3.2% to 3.66 million shares. About 40.6% of the company’s shares are now short. Shares of ExOne fell more than 10% in the two-week period. The stock’s 52-week range is $13.40 to $48.66, and shares closed at $14.11 on Tuesday. Days to cover rose to 12.
Voxeljet A.G. (NYSE: VJET) saw short interest fall 4.1% to 2.07 million shares, with days to cover rising to eight. Shares tumbled more than 14% in the two-week period. The stock closed at $7.74 on Tuesday night, in a 52-week range of $7.13 to $31.43.
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