Short Interest Runner: What’s in 3D Systems Corporation (NYSE:DDD) After Rise in Shorted Shares?

December 1, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Runner: What’s in 3D Systems Corporation (NYSE:DDD) After Rise in Shorted Shares?

The stock of 3D Systems Corporation (NYSE:DDD) registered an increase of 12.37% in short interest. DDD’s total short interest was 27.72 million shares in December as published by FINRA. Its up 12.37% from 24.67 million shares, reported previously. With 2.61M shares average volume, it will take short sellers 11 days to cover their DDD’s short positions. The short interest to 3D Systems Corporation’s float is 26.1%. The stock decreased 1.14% or $0.16 during the last trading session, hitting $13.85. 3D Systems Corporation (NYSE:DDD) has declined 22.93% since April 28, 2016 and is downtrending. It has underperformed by 28.85% the S&P500.

3D Systems Corporation is a holding company. The company has a market cap of $1.53 billion. The Firm provides three-dimensional services and products, including 3D printers, print materials, parts services and digital design and manufacturing tools. It currently has negative earnings. The Company’s ecosystem supports applications from the product design shop to the factory floor to the operating room.

Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.16, from 0.93 in 2016Q1. The ratio increased, as 24 funds sold all 3D Systems Corporation shares owned while 73 reduced positions. 15 funds bought stakes while 75 increased positions. They now own 54.83 million shares or 2.27% more from 53.61 million shares in 2016Q1.
Mycio Wealth Prtnrs Ltd Limited Liability Company holds 84 shares or 0% of its portfolio. State Of Wisconsin Board accumulated 135,000 shares or 0.01% of the stock. The Connecticut-based Cubist Systematic Strategies Limited Liability Co has invested 0.07% in 3D Systems Corporation (NYSE:DDD). Pitcairn holds 30,440 shares or 0.05% of its portfolio. Gmt Capital has 0.08% invested in the company for 241,300 shares. Rhumbline Advisers holds 0.01% or 191,174 shares in its portfolio. Wellington Mgmt Ltd Liability Partnership accumulated 0% or 127,736 shares. Vanguard Grp Inc has 0.01% invested in the company for 7.90M shares. Moreover, Comerica Bancorporation has 0.01% invested in 3D Systems Corporation (NYSE:DDD) for 73,180 shares. The New York-based First Manhattan has invested 0% in 3D Systems Corporation (NYSE:DDD). The Switzerland-based Swiss National Bank & Trust has invested 0% in 3D Systems Corporation (NYSE:DDD). The Louisiana-based Louisiana State Employees Retirement has invested 0.02% in 3D Systems Corporation (NYSE:DDD). Arizona State Retirement System accumulated 0.01% or 41,643 shares. Etrade Cap Lc accumulated 0.08% or 111,905 shares. Northern has invested 0.01% of its portfolio in 3D Systems Corporation (NYSE:DDD).

3D Systems Corporation (NYSE:DDD) Ratings Coverage

Out of 14 analysts covering 3D Systems Corporation (NYSE:DDD), 3 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 21% are positive. 3D Systems Corporation has been the topic of 32 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Monday, August 10, the company rating was maintained by Jefferies. Canaccord Genuity maintained 3D Systems Corporation (NYSE:DDD) on Monday, January 18 with “Hold” rating. The firm earned “Buy” rating on Thursday, November 5 by Needham. As per Monday, August 10, the company rating was maintained by Pacific Crest. The rating was maintained by UBS with “Sell” on Friday, July 31. The firm earned “Overweight” rating on Thursday, December 17 by Stephens. Jefferies maintained 3D Systems Corporation (NYSE:DDD) rating on Monday, January 25. Jefferies has “Hold” rating and $7.50 price target. As per Thursday, April 14, the company rating was upgraded by Bank of America. The company was downgraded on Monday, July 18 by Piper Jaffray. The stock of 3D Systems Corporation (NYSE:DDD) has “Hold” rating given on Tuesday, March 15 by Jefferies.

DDD Company Profile

3D Systems Corporation, incorporated on May 14, 1993, is a holding company. The Firm provides three-dimensional (3D) services and products, including 3D printers, print materials, parts services and digital design and manufacturing tools. The Company’s ecosystem supports applications from the product design shop to the factory floor to the operating room. The Company’s precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices, as well as patient-specific surgical instruments. The Company’s clients can use 3D printing to design and manufacture parts. The Company’s clients include companies and small and midsize businesses in a range of industries, including automotive, aerospace, government, defense, technology, electronics, education, consumer goods, energy and healthcare.

More recent 3D Systems Corporation (NYSE:DDD) news were published by: Fool.com which released: “Better Buy: Stratasys Ltd. vs. 3D Systems Corporation” on November 28, 2016. Also Fool.com published the news titled: “Why 3D Systems Corporation Stock Popped Today” on November 03, 2016. Fool.com‘s news article titled: “3D Systems vs. Stratasys: Which 3D Printing Company Had the Better Q3 Earnings …” with publication date: November 23, 2016 was also an interesting one.

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By Marie Mckinney

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