Short Interest in Stratasys, Ltd. (NASDAQ:SSYS) Declines By 30.1%

Stratasys, Ltd. (NASDAQ:SSYS) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 1,724,805 shares, a decline of 30.1% from the January 29th total of 2,465,979 shares. Based on an average daily volume of 784,592 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.1% of the company’s stock are sold short. Currently, 2.1% of the company’s stock are sold short. Based on an average daily volume of 784,592 shares, the days-to-cover ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Cantor Fitzgerald raised their price objective on Stratasys from $13.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, November 14th. Needham & Company LLC lowered their price target on shares of Stratasys from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research note on Thursday, January 22nd. Finally, UBS Group reaffirmed an “overweight” rating on shares of Stratasys in a research note on Friday, November 14th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.75.

Institutional Trading of Stratasys

Institutional investors and hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. purchased a new position in shares of Stratasys in the fourth quarter worth $25,000. Global Retirement Partners LLC purchased a new position in Stratasys in the 4th quarter worth about $26,000. Advisory Services Network LLC purchased a new position in Stratasys in the 3rd quarter worth about $34,000. Raymond James Financial Inc. bought a new position in Stratasys during the 2nd quarter valued at about $35,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Stratasys during the 3rd quarter valued at about $45,000. Institutional investors own 75.77% of the company’s stock.

Stratasys Stock Down 2.4%

SSYS stock traded down $0.23 during trading on Tuesday, hitting $9.44. 679,847 shares of the stock traded hands, compared to its average volume of 732,617. The stock has a market cap of $803.25 million, a price-to-earnings ratio of -5.83 and a beta of 1.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.65 and a quick ratio of 2.69. Stratasys has a 1 year low of $8.12 and a 1 year high of $12.81. The firm’s 50 day moving average is $10.37 and its two-hundred day moving average is $10.24.

Stratasys Company Profile

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.