Short Interest in 3D Printing Stocks Seeks Direction
Short interest fell during the two-week reporting period ending September 28 on two of four 3D printing stocks we follow. Trading action slowed as well, with days to cover rising on three of the four stocks.
Short interest in 3D Systems Corp. (NYSE: DDD) increased by 0.3% to 26.1 million shares in the two-week reporting period. Some 23.7% of the company’s float was short. Days to cover rose from 12 to 13. In the short interest period, the share price rose by 2.6%. The stock’s 52-week trading range is $7.92 to $21.78, and shares closed at $17.77 on Tuesday, down about 0.5% on the day.
Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall by 2.8% in the last two weeks of September to about 7.99 million shares, or 15.9% of the company’s float. Days to cover rose from 18 to 20. The share price rose by about 0.4% in the two-week period, and the stock closed at $21.76 on Tuesday, down less than 0.1% for the day, in a 52-week range of $17.17 to $26.17.
Short interest in The ExOne Co. (NASDAQ: XONE) rose by 4.3% to 2.41 million shares. About 24.8% of the company’s shares were short. ExOne’s share price rose by about 2.3% in the period ending September 28. The stock’s 52-week range is $6.16 to $12.50, and shares closed at $9.71 on Tuesday, down about 1% for the day. Days to cover remained at 20.
Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 7.6% to 297,731 American depositary shares, with days to cover falling from 10 to six. Voxeljet added about 11% for the two-week period and closed at $4.07 on Tuesday, down about 1.7% for the day in a 52-week range of $3.07 to $5.73.