3D Systems Short Interest Up 10.8% in May (DDD)
Shares of 3D Systems (NYSE:DDD) were the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 33,323,579 shares, an increase of 10.8% from the April 30th total of 30,069,747 shares, American Banking & Market News reports. Based on an average daily trading volume, of 3,381,109 shares, the short-interest ratio is currently 9.9 days. Currently, 34.0% of the company’s shares are short sold.
Several analysts have recently commented on the stock. Analysts at Brean Capital cut their price target on shares of 3D Systems from $84.00 to $75.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of 3D Systems from $40.00 to $37.00 in a research note on Thursday, May 29th. They now have a “neutral” rating on the stock. Finally, analysts at Pacific Crest cut their price target on shares of 3D Systems from $65.00 to $59.00 in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $72.26.
3D Systems (NYSE:DDD) opened at 50.23 on Monday. 3D Systems has a 52-week low of $41.05 and a 52-week high of $97.28. The stock has a 50-day moving average of $49.8 and a 200-day moving average of $67.60. The company has a market cap of $5.199 billion and a P/E ratio of 116.24.
3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $147.76 million for the quarter, compared to the consensus estimate of $145.50 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. Analysts expect that 3D Systems will post $0.81 EPS for the current fiscal year.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
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