3D Printing Short Sellers May Have Pulled Out Too Soon
Short interest in 3D printing stocks was mixed in the period ending March 15. But shares prices of the stocks we tracked continued to fall through Monday night's closing bell.
Short interest dropped during the two-week period ending March 15 on three of four 3D printing stocks we follow. All four ended Monday’s trading at a lower closing price than the closing price on March 15.
Short interest in 3D Systems Corp. (NYSE: DDD) fell by 3.9% to 35.63 million shares. Some 32.6% of the company’s float was short. Days to cover fell from 16 to eight. In the two-week short interest period, the share price rose by nearly 31%. The stock’s 52-week trading range is $7.92 to $23.70, and shares closed at $11.57 on Monday, up about 1.2% on the day.
Stratasys Ltd. (NASDAQ: SSYS) saw short interest rise by 0.4% in the first two weeks of March to about 8.41 million shares, or 16.9% of the company’s float. Days to cover fell from nine to seven. The share price rose by about 2.1% in the two-week period. The stock closed at $20.56 on Monday, up about 2% on the day, in a 52-week range of $18.00 to $30.88.
[nativounit]
Short interest in The ExOne Co. (NASDAQ: XONE) fell by 1.8% to 1.94 million shares. About 20.3% of the company’s shares were short. ExOne’s share price rose about 8.3% in the short interest period. The stock’s 52-week range is $6.72 to $14.43, and shares closed at $7.39 on Monday, down about 0.4% for the day. Days to cover fell from 32 to 17.
Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 0.3% to 489,401 American depositary shares, with days to cover rising from four to 11. Voxeljet rose by about 4.8% for the two-week period, and it closed at $3.72 on Monday, up about 0.8% for the day in a 52-week range of $2.61 to $6.37.
[recirclink id=452382]
[wallst_email_signup]
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.
