Will 3D Printing Stocks Continue to Pay Off for Short Sellers?
Short interest on the four 3D printing stocks we follow fell during the most recent reporting period. But short sellers were in the right place at the right time, making nice profits on their positions.
Short interest dropped during the two-week reporting period ending March 29 on three of four 3D printing stocks we follow. During the two-week period, all four stocks dropped by at least 9%.
Short interest in 3D Systems Corp. (NYSE: DDD) slipped by 0.8% to 35.36 million shares. Some 32.2% of the company’s float was short. Days to cover rose from eight to 16. In the two-week short interest period, the share price fell by nearly 10%. The stock’s 52-week trading range is $7.92 to $23.70, and shares closed at $11.74 on Tuesday, up about 3.1% on the day.
Stratasys Ltd. (NASDAQ: SSYS) saw short interest drop by 5.4% in the last two weeks of March to about 7.95 million shares, or 15.8% of the company’s float. Days to cover rose from seven to 14. The share price fell by about 8.8% in the period, and the stock closed at $20.04 on Tuesday, up about 3.5% on the day, in a 52-week range of $18.00 to $30.88.
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Short interest in The ExOne Co. (NASDAQ: XONE) rose by 11.6% to 2.17 million shares. About 22.3% of the company’s shares were short. ExOne’s share price tumbled by 20% in the two weeks ending March 29. The stock’s 52-week range is $6.72 to $14.43, and shares closed at $7.40 on Tuesday, up about 4.8% for the day. Days to cover fell from 17 to 13.
Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 2.5% to 477,370 American depositary shares, with days to cover rising from 11 to 12. Voxeljet fell by about 12% for the two-week period, and it closed at $3.40 on Tuesday, up about 3% for the day, in a 52-week range of $2.68 to $6.37.
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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.
