3D Systems Co. (NYSE:DDD) Short Interest Update

3D Systems Co. (NYSE:DDD - Get Free Report) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 4,660,000 shares, a drop of 13.7% from the January 31st total of 5,400,000 shares. Based on an average daily volume of 2,980,000 shares, the short-interest ratio is presently 1.6 days.

3D Systems Stock Down 2.8 %

Shares of DDD traded down $0.09 during mid-day trading on Friday, reaching $2.95. 1,991,436 shares of the stock traded hands, compared to its average volume of 2,709,866. The firm has a market cap of $399.40 million, a price-to-earnings ratio of -0.74 and a beta of 1.63. The stock has a fifty day simple moving average of $3.69 and a 200 day simple moving average of $3.19. 3D Systems has a 12-month low of $1.72 and a 12-month high of $5.25. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Insiders Place Their Bets

In other news, CEO Jeffrey A. Graves purchased 60,000 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $3.85 per share, with a total value of $231,000.00. Following the purchase, the chief executive officer now directly owns 1,091,782 shares of the company's stock, valued at approximately $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles W. Hull sold 115,971 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $3.86, for a total transaction of $447,648.06. Following the sale, the executive vice president now directly owns 331,955 shares in the company, valued at $1,281,346.30. This represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

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Institutional Trading of 3D Systems

Hedge funds have recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of 3D Systems during the third quarter valued at approximately $25,000. Murchinson Ltd. bought a new stake in shares of 3D Systems in the third quarter worth $28,000. HighTower Advisors LLC bought a new stake in shares of 3D Systems in the third quarter worth $31,000. Blue Trust Inc. increased its stake in shares of 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 during the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of 3D Systems in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 64.49% of the company's stock.

Wall Street Analysts Forecast Growth

DDD has been the topic of several research analyst reports. Craig Hallum raised shares of 3D Systems to a "hold" rating in a research report on Thursday, December 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of 3D Systems in a research report on Friday. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a research report on Thursday, November 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of 3D Systems in a research report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $3.25.

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.