Short Interest in 3D Systems Corporation (NYSE:DDD) Decreases By 26.1%

3D Systems Corporation (NYSE:DDD) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 29,000,931 shares, a decline of 26.1% from the December 15th total of 39,222,025 shares. Approximately 23.7% of the shares of the 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. Approximately 23.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DDD. Capital World Investors purchased a new stake in 3D Systems in the third quarter valued at approximately $15,104,000. Geode Capital Management LLC boosted its holdings in shares of 3D Systems by 3.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company’s stock valued at $4,876,000 after purchasing an additional 105,500 shares during the last quarter. Icon Advisers Inc. Co. grew its stake in shares of 3D Systems by 23.8% during the 3rd quarter. Icon Advisers Inc. Co. now owns 2,600,000 shares of the 3D printing company’s stock valued at $7,540,000 after buying an additional 500,000 shares during the period. Silverberg Bernstein Capital Management LLC increased its holdings in shares of 3D Systems by 10.0% during the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 2,572,629 shares of the 3D printing company’s stock worth $4,554,000 after buying an additional 233,659 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of 3D Systems by 80.0% in the 3rd quarter. Two Sigma Investments LP now owns 1,836,053 shares of the 3D printing company’s stock worth $5,325,000 after buying an additional 816,239 shares during the period. 64.49% of the stock is currently owned by hedge funds and other institutional investors.

3D Systems Trading Up 4.2%

Shares of DDD traded up $0.11 on Friday, hitting $2.75. 5,919,501 shares of the stock traded hands, compared to its average volume of 4,515,131. 3D Systems has a 1 year low of $1.32 and a 1 year high of $5.00. The stock’s 50 day moving average is $2.06 and its two-hundred day moving average is $2.24. The firm has a market capitalization of $354.04 million, a P/E ratio of -27.50 and a beta of 1.88. The company has a quick ratio of 1.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.55.

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

About 3D Systems

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.