3D Systems Co. (NYSE:DDD) Short Interest Up 33.2% in May

3D Systems Co. (NYSE:DDD - Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 10,420,000 shares, a growth of 33.2% from the April 30th total of 7,820,000 shares. Currently, 8.0% of the company's shares are sold short. Based on an average daily volume of 3,140,000 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. ARK Investment Management LLC grew its holdings in 3D Systems by 13.8% during the 4th quarter. ARK Investment Management LLC now owns 4,413,915 shares of the 3D printing company's stock valued at $14,478,000 after purchasing an additional 535,287 shares in the last quarter. Nuveen LLC acquired a new stake in shares of 3D Systems during the first quarter worth approximately $3,528,000. Icon Advisers Inc. Co. bought a new stake in shares of 3D Systems in the fourth quarter worth $5,248,000. Penn Capital Management Company LLC acquired a new stake in 3D Systems in the fourth quarter valued at $5,214,000. Finally, Silverberg Bernstein Capital Management LLC boosted its stake in 3D Systems by 15.9% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,534,521 shares of the 3D printing company's stock valued at $3,253,000 after acquiring an additional 210,812 shares during the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

3D Systems Stock Up 3.3%

NYSE DDD traded up $0.06 on Friday, reaching $1.73. The company had a trading volume of 2,873,839 shares, compared to its average volume of 2,960,776. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.31 and a quick ratio of 2.34. 3D Systems has a 1 year low of $1.48 and a 1 year high of $5.00. The firm has a 50-day moving average of $1.86 and a 200-day moving average of $2.85. The firm has a market capitalization of $235.31 million, a PE ratio of -0.43 and a beta of 1.89.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald dropped their price objective on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, May 24th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, 3D Systems has an average rating of "Hold" and a consensus price target of $3.67.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.