Short Interest in 3D Printing Stocks Losing Steam

Short interest fell during the two-week reporting period ending October 31 on three of four 3D printing stocks we follow. Trading action mostly favored short sellers, with days to cover falling on all four stocks.

Short interest in 3D Systems Corp. (NYSE: DDD) decreased by 8% to 23.02 million shares in the short interest period that ended October 31. Some 20.9% of the company’s float was short. Days to cover tumbled from 14 to seven. In the two-week period, the share price plunged by more than 30%. The stock’s 52-week trading range is $7.92 to $21.78, and shares closed at $12.80 on Friday, down about 6.3% on the day.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall by 13.6% in the final two weeks of October to about 6.54 million shares, or 13% of the company’s float. Days to cover fell from 18 to 15. The share price fell by 1.1% in the two-week period, and the stock closed at $23.76 on Friday, down about 2.3% for the day, in a 52-week range of $17.17 to $26.17.

Short interest in The ExOne Co. (NASDAQ: XONE) fell by 0.8% to 2.57 million shares. About 26.4% of the company’s shares were short. ExOne’s share price dropped by about 22% in the two-week period. The stock’s 52-week range is $6.16 to $12.50, and shares closed at $9.44 on Friday, up about 3.9% for the day. Days to cover fell from 11 to nine.

Short interest in Voxeljet A.G. (NYSE: VJET) increased by 26.1% to 347,815 American depositary shares, with days to cover falling from nine to one. Voxeljet dropped about 5% for the two-week period and closed at $2.65 on Friday, down about 3.3% for the day in a 52-week range of $2.30 to $5.73.

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