Technology

Short Interest in 3D Printing Stocks Sank With Share Prices

3D pointedsphere
Source: courtesy of 3D Systems Inc.
Short interest during the two-week period ending September 30 declined on the four 3D printing stocks we follow. One, Voxeljet, made a new 52-week low during the period, and two others, 3D Systems and Stratasys, made new lows in the first week of October. Prices for all four stocks have bounced off recent lows and now trade higher. How many short sellers choose to cover their bets could determine what happens in the current period, which closes on Thursday.

Short interest in 3D Systems Corp. (NYSE: DDD) fell 5.8% to 34.23 million shares. Some 32.3% of the company’s float is short. Days to cover fell from 17 to 16. In the two-week short interest period to September 30, the share price fell by 7.8%. The stock’s 52-week range is $10.67 to $44.27, and shares closed at $13.61 on Friday, down 1% on the day.

Stratasys Ltd. (NASDAQ: SSYS) saw short interest fall by 3% in the last two weeks of September to about 13.03 million shares, or about 27.1% of the company’s float. Days to cover fell from 17 to 11. The share price dropped more than 12% in the two-week period. The stock closed at $31.90 on Friday, up a penny on the day, and the 52-week range is $24.82 to $125.00.

Short interest in The ExOne Co. (NASDAQ: XONE) slipped 3.8% to 2.72 million shares. About 30.1% of the company’s shares were short. ExOne’s share price fell about 8% in the two-week period. The stock’s 52-week range is $5.81 to $26.46, and shares closed at $9.57 on Friday, down 0.1% for the day. Days to cover jumped from 11 to 19.

Short interest in Voxeljet A.G. (NYSE: VJET) decreased by 1% to 1.32 million shares, with days to cover falling from 22 to 17. The stock price fell by nearly 20% in the last two weeks of the month. The stock closed at $6.30 on Friday, down about 1.3% for the day, in a 52-week range of $4.17 to $14.25.

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