3D Systems Corporation June 15th Short Interest Update

3D Systems Corporation (NYSE:DDD) reported a drop of 2.2% or 593,130 shares in its short interest. The short figure came in at 24.8% of the total floats. The average daily volume of 2,478,690 shares suggests that the days to cover 26,361,135 short positions, as on June 15,2016, will be 11. On May 31,2016, the short interest was 26,954,265 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

3D Systems Corporation (NYSE:DDD): The stock opened at $13.05 on Friday but the bulls could not build on the opening and the stock topped out at $13.65 for the day. The stock traded down to $12.79 during the day, due to lack of any buying support eventually closed down at $12.95 with a loss of -6.97% for the day. The stock had closed at $13.92 on the previous day. The total traded volume was 13,237,876 shares.

The company shares have dropped -33.86% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $19.98 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.00 and the 200 Day Moving Average price is recorded at $12.08.

3D Systems Corporation (NYSE:DDD) has tumbled 1.89% during the past week and has dropped 2.12% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.27% during the past week but 3D Systems Corporation (NYSE:DDD) it has outperformed the index in 4 weeks by 0.85%.

3D Systems Corporation is a holding company. The Company is a provider of three-dimensional (3D) printing centric solutions. It provides 3D design-to-manufacturing solutions, including 3D printers, print materials and cloud sourced custom parts. Its healthcare solutions include end-to-end simulation, training and planning and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. It also provides software and haptic and perceptual devices for design, including 3D digital design, scan-to-computer-aided design (CAD), scan-to-print, reverse engineering, inspection, sculpting and medical modeling and simulation applications. For its healthcare customers it also offers virtual surgical planning and medical modeling services, digitizing scanners and simulation products. The Company operates in the Americas, Europe, the Middle East and the Asia Pacific regions.

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