Stratasys Ltd. (NASDAQ:SSYS) Short Interest Update

Stratasys Ltd. (NASDAQ:SSYS) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,210,000 shares, a decline of 20.9% from the March 31st total of 1,530,000 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 386,600 shares, the short-interest ratio is currently 3.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SSYS. CWM LLC raised its stake in Stratasys by 2,633.3% during the 3rd quarter. CWM LLC now owns 3,280 shares of the technology company’s stock worth $45,000 after buying an additional 3,160 shares during the period. Pinnacle Associates Ltd. raised its stake in Stratasys by 42.3% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,063,482 shares of the technology company’s stock worth $14,474,000 after buying an additional 315,868 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Stratasys by 165.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 39,074 shares of the technology company’s stock worth $532,000 after buying an additional 24,371 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in Stratasys by 24.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 928,580 shares of the technology company’s stock worth $12,638,000 after buying an additional 185,000 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Stratasys by 6.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 154,773 shares of the technology company’s stock worth $2,106,000 after buying an additional 8,931 shares during the period. 75.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SSYS shares. Cantor Fitzgerald started coverage on Stratasys in a research note on Tuesday, February 13th. They issued an “overweight” rating and a $24.00 price objective on the stock. StockNews.com started coverage on Stratasys in a research note on Saturday. They issued a “buy” rating on the stock.

Stratasys Stock Up 2.7 %

Shares of NASDAQ:SSYS traded up $0.26 during midday trading on Friday, reaching $10.02. The company’s stock had a trading volume of 466,595 shares, compared to its average volume of 457,819. The firm has a 50 day moving average price of $11.43 and a two-hundred day moving average price of $12.01. Stratasys has a fifty-two week low of $9.43 and a fifty-two week high of $21.72.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, March 7th. The technology company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. Stratasys had a negative return on equity of 2.28% and a negative net margin of 19.61%. The company had revenue of $156.34 million for the quarter, compared to the consensus estimate of $153.96 million. During the same period in the previous year, the business earned ($0.03) EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts predict that Stratasys will post -0.29 earnings per share for the current year.

Stratasys Company Profile

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.