Short Interest in 3D Printing Stocks Continues to Slide
Short interest in 3D printing stocks declined again in the two-week reporting period that ended June 29. As short interest decreased, days to cover rose, indicating that investors may be losing interest altogether in the stocks.
Short interest fell during the two-week reporting period ending June 29 on all four 3D printing stocks we follow. Trading action also slowed down on all four stocks
Short interest in 3D Systems Corp. (NYSE: DDD) fell by 2.7% to 32.44 million shares. Some 29.6% of the company’s float was short. Days to cover fell from 22 to 14. In the two-week short interest period, the share price fell by 3.4%. The stock’s 52-week trading range is $7.92 to $19.06, and shares closed at $14.90 on Wednesday, up about 1.2% on the day.
Stratasys Ltd. (NASDAQ: SSYS) saw short interest dip by 0.6% in the last two weeks of June to about 9.34 million shares, or 18.6% of the company’s float. Days to cover dropped from 18 to 14. The share price slipped by 1.5% in the two weeks, and the stock closed at $20.18 on Wednesday, up about 1% on the day, in a 52-week range of $17.17 to $25.35.
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Short interest in ExOne Co. (NASDAQ: XONE) fell by 3.9% to 2.75 million shares. About 28.2% of the company’s shares were short. ExOne’s share price rose by about 4.7% in the short interest period. The stock’s 52-week range is $6.16 to $12.50, and shares closed at $7.22 on Wednesday, down about 3.6% for the day. Days to cover fell from 17 to seven.
Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 3.8% to 432,324 American depositary shares, with days to cover rising from 12 to 26. They fell by about 4% for the two-week period and closed at $3.66 on Wednesday, up about 2.5% for the day in a 52-week range of $3.07 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.
