3D Systems Co. (NYSE:DDD) Sees Significant Growth in Short Interest

3D Systems Co. (NYSE:DDD) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 6,390,000 shares, a growth of 28.8% from the March 15th total of 4,960,000 shares. Currently, 4.9% of the company’s stock are sold short. Based on an average trading volume of 2,920,000 shares, the short-interest ratio is presently 2.2 days.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a report on Friday, March 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a report on Tuesday, April 8th. Cantor Fitzgerald cut their target price on shares of 3D Systems from $5.75 to $5.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Finally, StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, 3D Systems has a consensus rating of “Hold” and a consensus price target of $3.67.

Institutional Investors Weigh In On 3D Systems

Hedge funds have recently made changes to their positions in the business. Silverberg Bernstein Capital Management LLC grew its holdings in 3D Systems by 15.9% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,534,521 shares of the 3D printing company’s stock worth $3,253,000 after acquiring an additional 210,812 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in 3D Systems by 553.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,436,600 shares of the 3D printing company’s stock worth $4,712,000 after acquiring an additional 1,216,900 shares in the last quarter. Two Sigma Investments LP increased its position in shares of 3D Systems by 172.2% during the fourth quarter. Two Sigma Investments LP now owns 1,492,071 shares of the 3D printing company’s stock valued at $4,894,000 after acquiring an additional 944,010 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in 3D Systems in the 4th quarter worth about $159,000. Finally, ProShare Advisors LLC grew its position in 3D Systems by 41.8% in the 4th quarter. ProShare Advisors LLC now owns 53,574 shares of the 3D printing company’s stock worth $176,000 after purchasing an additional 15,787 shares during the period. 64.49% of the stock is currently owned by institutional investors.

3D Systems Trading Down 4.6 %

NYSE DDD opened at $1.78 on Monday. The stock’s 50-day simple moving average is $2.84 and its two-hundred day simple moving average is $3.16. 3D Systems has a twelve month low of $1.72 and a twelve month high of $5.00. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $240.58 million, a price-to-earnings ratio of -0.45 and a beta of 1.81.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.