Short Interest in 3D Systems Co. (NYSE:DDD) Rises By 33.2%

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

3D Systems Trading Down 0.9%

Shares of DDD traded down $0.02 during trading hours on Thursday, reaching $1.68. 2,641,252 shares of the company traded hands, compared to its average volume of 3,125,718. The stock's fifty day moving average price is $1.88 and its 200 day moving average price is $2.87. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.97. The firm has a market cap of $228.49 million, a price-to-earnings ratio of -0.42 and a beta of 1.94. 3D Systems has a 12-month low of $1.48 and a 12-month high of $5.00.

Hedge Funds Weigh In On 3D Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC increased its position in 3D Systems by 703.1% during the 1st quarter. CWM LLC now owns 12,352 shares of the 3D printing company's stock valued at $26,000 after purchasing an additional 10,814 shares during the period. NewEdge Advisors LLC increased its holdings in 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company's stock valued at $28,000 after buying an additional 12,900 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in 3D Systems in the first quarter worth approximately $29,000. Blue Trust Inc. raised its stake in 3D Systems by 411.6% in the fourth quarter. Blue Trust Inc. now owns 10,006 shares of the 3D printing company's stock worth $33,000 after buying an additional 8,050 shares in the last quarter. Finally, State of Wyoming purchased a new stake in 3D Systems during the first quarter worth $34,000. Institutional investors own 64.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DDD shares. Wall Street Zen raised 3D Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Cantor Fitzgerald dropped their price target on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a report on Saturday, May 24th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently 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.