Velo3D, Inc. (NYSE:VLD - Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 21,290,000 shares, a decrease of 34.4% from the March 31st total of 32,450,000 shares. Based on an average daily trading volume, of 6,980,000 shares, the short-interest ratio is currently 3.1 days. Approximately 13.4% of the shares of the company are sold short.
Hedge Funds Weigh In On Velo3D
Several hedge funds have recently bought and sold shares of VLD. Highbridge Capital Management LLC purchased a new position in Velo3D in the 4th quarter valued at approximately $1,661,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Velo3D by 21.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,075,990 shares of the company's stock valued at $11,039,000 after buying an additional 1,243,960 shares during the last quarter. IPG Investment Advisors LLC acquired a new stake in Velo3D during the 4th quarter valued at $60,000. Finally, Swiss National Bank grew its holdings in Velo3D by 12.3% during the 3rd quarter. Swiss National Bank now owns 211,600 shares of the company's stock valued at $330,000 after buying an additional 23,100 shares during the last quarter. 87.50% of the stock is owned by hedge funds and other institutional investors.
Velo3D Stock Performance
Shares of VLD stock traded up $0.01 during trading hours on Friday, reaching $0.24. 2,789,549 shares of the company's stock were exchanged, compared to its average volume of 6,865,326. The company has a market cap of $62.78 million, a P/E ratio of -0.35 and a beta of 2.12. The company's 50 day moving average is $0.36 and its two-hundred day moving average is $0.62. Velo3D has a 1 year low of $0.19 and a 1 year high of $2.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.43 and a quick ratio of 1.18.
Velo3D (NYSE:VLD - Get Free Report) last issued its earnings results on Tuesday, March 26th. The company reported ($0.32) earnings per share (EPS) for the quarter. The business had revenue of $1.81 million for the quarter. Velo3D had a negative return on equity of 128.11% and a negative net margin of 173.20%.
About Velo3D
(
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Velo3D, Inc produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses.
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