Has Short Interest in 3D Printing Stocks Reached a Bottom?

May 28, 2015 by Paul Ausick

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Source: Thinkstock
Short interest in the two-week period ending May 15 was mixed on the four 3D printing stocks we follow. For the two-week settlement period, shares in all four companies fell in a range of around 4% to more than 15%.

Three of the four stocks posted new 52-week lows during the two-week period, which probably accounts for the drop in short interest on three of the four companies. Short interest in ExOne likely rose following an announced delay in reporting first-quarter results.

Short interest in 3D Systems Corp. (NYSE: DDD) fell 3.4% to 35.91 million shares. Some 33.9% of the company’s float is short. Days to cover rose to 12. In the two-week short interest period, the share price fell 15.5%. The stock’s 52-week range is $20.82 to $69.56, and shares closed at $21.39 on Monday. The share price dropped about 1% on Wednesday.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall by 1.7% in the first two weeks of May to about 10.48 million shares, or about 23.4% of the company’s float. Days to cover rose to six. The share price fell nearly 13% in the two-week period. The stock closed at $35.83 on Wednesday, up about 0.1% on the day, and the 52-week range is $33.85 to $130.83.

Short interest in The ExOne Co. (NASDAQ: XONE) rose 3% to 3.27 million shares. About 35.9% of the company’s shares are now short. Shares of ExOne fell nearly 12% in the two-week period. The stock’s 52-week range is $11.86 to $48.66 and shares closed at $12.99 on Wednesday, up about 5.7% for the day. Days to cover slipped to 22.

Voxeljet A.G. (NYSE: VJET) saw short interest fall 0.2% to 1.72 million shares, with days to cover falling to 10. The share price fell about 4% in the two-week period to May 15. The stock closed at $7.79 on Wednesday night, up 0.5% from Wednesday’s close, in a 52-week range of $7.13 to $27.41.

ALSO READ: The 5 Most Shorted Nasdaq Stocks in May

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