3D Systems Corporation (NYSE:DDD) Short Interest Update

3D Systems Corporation (NYSE:DDD) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 29,000,931 shares, a decrease of 26.1% from the December 15th total of 39,222,025 shares. Currently, 23.7% of the company’s stock are short sold. Based on an average daily volume of 2,970,743 shares, the days-to-cover ratio is presently 9.8 days. Based on an average daily volume of 2,970,743 shares, the days-to-cover ratio is presently 9.8 days. Currently, 23.7% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

DDD has been the subject of several recent research reports. Wall Street Zen lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of 3D Systems in a research report on Monday, December 29th. Zacks Research downgraded 3D Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, October 24th. Finally, Cantor Fitzgerald upped their price objective on 3D Systems from $4.00 to $4.75 and gave the company an “overweight” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.75.

3D Systems Stock Performance

DDD stock traded up $0.11 during trading on Friday, reaching $2.75. The stock had a trading volume of 5,919,501 shares, compared to its average volume of 4,515,131. The firm has a market cap of $354.04 million, a PE ratio of -27.50 and a beta of 1.88. The company has a current ratio of 2.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average is $2.06 and its two-hundred day moving average is $2.25. 3D Systems has a 52 week low of $1.32 and a 52 week high of $5.00.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Tuesday, November 4th. The 3D printing company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. 3D Systems had a negative return on equity of 38.72% and a net margin of 4.01%.The business had revenue of $91.25 million during the quarter, compared to the consensus estimate of $93.04 million. As a group, equities analysts anticipate that 3D Systems will post -0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 12,900 shares during the period. CIBC Bancorp USA Inc. bought a new stake in 3D Systems during the third quarter valued at about $41,000. Founders Financial Securities LLC purchased a new stake in 3D Systems in the third quarter worth about $50,000. Prudential Financial Inc. raised its stake in shares of 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after buying an additional 7,887 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of 3D Systems in the third quarter worth about $54,000. Hedge funds and other institutional investors own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.