3D Systems Co. (DDD) Short Interest Update

3D Systems Co. (NYSE:DDD) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 38,111,966 shares, an increase of 8.8% from the January 12th total of 35,031,583 shares. Based on an average daily trading volume, of 3,226,913 shares, the days-to-cover ratio is currently 11.8 days. Currently, 34.9% of the company’s stock are short sold.

In other news, Director G Walter Loewenbaum II purchased 40,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of $8.94 per share, with a total value of $362,070.00. Following the purchase, the director now owns 1,053,707 shares in the company, valued at $9,420,140.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have purchased 47,930 shares of company stock worth $428,048. 5.00% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Claraphi Advisory Network LLC bought a new position in shares of 3D Systems in the fourth quarter valued at approximately $162,000. PNC Financial Services Group Inc. grew its holdings in shares of 3D Systems by 19.4% in the second quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after acquiring an additional 1,552 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of 3D Systems by 76.8% in the second quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after acquiring an additional 4,386 shares in the last quarter. New Mexico Educational Retirement Board bought a new position in shares of 3D Systems in the fourth quarter valued at approximately $244,000. Finally, Stoneridge Investment Partners LLC bought a new position in shares of 3D Systems in the third quarter valued at approximately $260,000. 60.45% of the stock is owned by institutional investors.

3D Systems (DDD) opened at $9.92 on Tuesday. The stock has a market capitalization of $1,130.00, a P/E ratio of -21.57 and a beta of 1.57. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01. 3D Systems has a twelve month low of $7.92 and a twelve month high of $23.70.

Several analysts have recently commented on the company. Citigroup lowered their price objective on 3D Systems from $13.00 to $8.50 and set a “sell” rating for the company in a research note on Thursday, November 2nd. Canaccord Genuity reissued a “neutral” rating on shares of 3D Systems in a research note on Wednesday, November 1st. FBR & Co downgraded 3D Systems from a “neutral” rating to a “sell” rating in a research note on Wednesday, November 1st. B. Riley downgraded 3D Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $18.00 to $7.00 in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. lowered their price objective on 3D Systems from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. 3D Systems currently has a consensus rating of “Hold” and an average target price of $12.68.

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3D Systems Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

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