Short Interest in 3D Printing Stocks Rises Even as Share Prices Fall
Short interest the period ending March 15 rose on all four 3D printing stocks we follow. The rise in short interest was accompanied by a declining stock price.
[cnxvideo id=”655413″ placement=”ros”]Short interest during the two-week period ending March 15 rose on all four 3D printing stocks we follow. As of that date, all four stocks had posted a year-to-date gain, but through last Friday’s close, one has dropped to a small loss so far this year.
Short interest in 3D Systems Corp. (NYSE: DDD) rose by 3% to 21.49 million shares. Some 19.9% of the company’s float was short. Days to cover rose from seven to 10. In the two-week short interest period, the share price fell by about 14.6%. The stock’s 52-week trading range is $11.59 to $19.76, and shares closed at $14.17 on Friday, up about 0.3% on the day.
Stratasys Ltd. (NASDAQ: SSYS) saw short interest jump by 17.1% in the first two weeks of March to about 4.96 million shares, or 10% of the company’s float. Days to cover fell from six to five. The share price retreated by 5.8% in the two-week period, and the stock closed at $19.19 on Friday, up about 0.2% on the day, in a 52-week range of $16.37 to $30.46.
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Short interest in The ExOne Co. (NASDAQ: XONE) rose by 6.5% to 2.43 million shares. About 22.6% of the company’s shares were short. ExOne’s share price dropped about 5.2% in the two-week period. The stock’s 52-week range is $9.03 to $16.15, and shares closed at $10.01 on Friday, up 0.5% for the day. Days to cover rose from 16 to 17.
Short interest in Voxeljet A.G. (NYSE: VJET) increased by 2.8% to 532,569 American depositary shares, with days to cover remaining unchanged at 14. The share price fell by 4.9% in the two-week period to March 15. Voxeljet closed at $2.85 on Friday, up 1.4% for the day, in a 52-week range of $2.77 to $6.50. It is down about 1% for the year to date.
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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.
