Short Interest in 3D Printing Stocks Declines Again as Stock Prices Improve
Short interest during the two-week period ending November 30 declined on all four 3D printing stocks we follow.
Short interest during the two-week period ending November 30 declined on all four 3D printing stocks we follow. Share prices rose on all the stocks as well and absolutely soared at one company. Investors appear to believe that the sector is stabilizing following a huge breakout a few years ago and a subsequent decline over the past couple of years.
Short interest in 3D Systems Corp. (NYSE: DDD) declined 4.6% to 33.78 million shares. Some 32% of the company’s float was short. Days to cover rose from eight to 11. In the two-week short interest period to November 30, the share price rose about 7%. The stock’s 52-week range is $8.44 to $33.97, and shares closed at $9.39 on Wednesday, up about 0.2% on the day.
Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall by 1.7% in the final two weeks of November to about 12.16 million shares, or about 25.1% of the company’s float. Days to cover rose from eight to 14. The share price rose about 7% in the two-week period, and the stock closed at $24.91 on Wednesday, up about 0.7% on the day. The 52-week range is $22.15 to $91.42.
[nativounit]
Short interest in The ExOne Co. (NASDAQ: XONE) slipped 3% to 2.44 million shares. About 26.9% of the company’s shares were short. ExOne’s share price soared by more than 49% in the two-week period. The stock’s 52-week range is $5.81 to $19.34, and shares closed at $9.91 on Wednesday, up about 3.1% for the day. Days to cover remained unchanged at nine.
Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 1.6% to 1.29 million shares, with days to cover rising from 14 to 24. The stock price fell by about 2.3% in the two-week period to November 30. The stock closed at $4.99 on Wednesday night, down about 1% for the day, in a 52-week range of $4.17 to $10.75.
[recirclink id=303085]
Contact [email protected] for any questions or corrections.
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.
