Short Interest in Stratasys, Ltd. (NASDAQ:SSYS) Increases By 20.0%

Key Points

• Stratasys, Ltd. (NASDAQ:SSYS) experienced a significant increase in short interest in August, rising by 20.0% to a total of 1,920,000 shares, representing 3.6% of the stock sold short.
• The company's stock price increased by 0.9% to $9.93, with recent earnings per share matching analysts' expectations at $0.03 while reporting revenues of $138.09 million.
• Analysts have provided mixed ratings, with some downgrading Stratasys from a "buy" to a "hold," while others have set a consensus price target of $14.33 for the stock.

Stratasys, Ltd. (NASDAQ:SSYS - Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,920,000 shares, a growth of 20.0% from the August 15th total of 1,600,000 shares. Based on an average daily trading volume, of 732,700 shares, the short-interest ratio is currently 2.6 days. Currently, 3.6% of the shares of the company are short sold. Currently, 3.6% of the shares of the company are short sold. Based on an average daily trading volume, of 732,700 shares, the short-interest ratio is currently 2.6 days.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen lowered Stratasys from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Needham & Company LLC dropped their price target on shares of Stratasys from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $14.33.

Stratasys Trading Down 1.5%

SSYS stock traded down $0.16 during trading on Monday, reaching $10.37. 1,149,474 shares of the stock were exchanged, compared to its average volume of 907,334. The firm has a market capitalization of $882.38 million, a price-to-earnings ratio of -7.74 and a beta of 1.62. The business has a 50 day moving average price of $10.56 and a 200-day moving average price of $10.35. Stratasys has a 1 year low of $6.92 and a 1 year high of $12.88.

Stratasys (NASDAQ:SSYS - Get Free Report) last posted its earnings results on Wednesday, August 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $138.09 million during the quarter, compared to analysts' expectations of $137.15 million. Stratasys had a negative return on equity of 1.06% and a negative net margin of 17.42%.The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. Stratasys has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Stratasys will post -0.4 EPS for the current year.

Hedge Funds Weigh In On Stratasys

Several hedge funds have recently added to or reduced their stakes in the stock. Formidable Asset Management LLC raised its holdings in shares of Stratasys by 4.1% in the 4th quarter. Formidable Asset Management LLC now owns 24,545 shares of the technology company's stock worth $218,000 after purchasing an additional 965 shares during the period. Janney Montgomery Scott LLC grew its stake in Stratasys by 4.3% during the second quarter. Janney Montgomery Scott LLC now owns 53,023 shares of the technology company's stock worth $608,000 after buying an additional 2,172 shares during the period. OMERS ADMINISTRATION Corp increased its position in shares of Stratasys by 9.4% in the second quarter. OMERS ADMINISTRATION Corp now owns 28,000 shares of the technology company's stock worth $321,000 after acquiring an additional 2,400 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Stratasys by 28.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,670 shares of the technology company's stock valued at $157,000 after acquiring an additional 2,991 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Stratasys during the 2nd quarter worth $35,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

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.