Even at All-Time Highs, 3-D Printing Gets No Love (DDD) (SSYS) (XONE)
Despite having some of the most impressive gains on the year, bears on the 3-D printing segment aren't loosening their grip. Yet.
Latest market data has expectations for names like 3D Systems (NYSE: DDD), ExOne (Nasdaq: XONE), and Stratasys (Nasdaq: SSYS) with unusually high short positions. From the start through middle of May:
Although all are at or new all-time highs (ExOne just went public last February, but has been following industry trends quite well), it appears Wall Street is still taking some caution until 3-D printing becomes a more widespread technology.
All three are lower on Friday's session.
Latest market data has expectations for names like 3D Systems (NYSE: DDD), ExOne (Nasdaq: XONE), and Stratasys (Nasdaq: SSYS) with unusually high short positions. From the start through middle of May:
- Short interest on 3D Systems fell just 2.6 percent to 25.86 million shares, or 29.7 percent of float;
- Stratasys saw an 11 percent drop to 3.64 million shares, or 13.3 percent of float. That move came following recent quarterly results, which were out on May 13th; and
- ExOne saw a 5.9 percent drop to 2.09 million shares, or 30.9 percent of float.
Although all are at or new all-time highs (ExOne just went public last February, but has been following industry trends quite well), it appears Wall Street is still taking some caution until 3-D printing becomes a more widespread technology.
All three are lower on Friday's session.