3D Systems Corporation (NYSE:DDD) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 32,123,209 shares, a growth of 11.3% from the October 13th total of 28,863,328 shares. Based on an average daily volume of 2,644,965 shares, the days-to-cover ratio is presently 12.1 days. Approximately 29.4% of the shares of the stock are sold short.

Shares of 3D Systems Corporation (DDD) opened at $8.16 on Wednesday. 3D Systems Corporation has a twelve month low of $8.01 and a twelve month high of $23.70. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The company had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. During the same quarter in the previous year, the company posted $0.14 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. sell-side analysts predict that 3D Systems Corporation will post -0.3 earnings per share for the current year.

Several research analysts have weighed in on the company. Loop Capital assumed coverage on 3D Systems Corporation in a research note on Monday, July 24th. They issued a “hold” rating and a $18.00 price target for the company. BidaskClub downgraded 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded 3D Systems Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and issued a $15.00 price target on shares of 3D Systems Corporation in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $17.00 price target on shares of 3D Systems Corporation in a research note on Tuesday, October 3rd. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.24.

Large investors have recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP increased its stake in 3D Systems Corporation by 113.5% in the second quarter. River & Mercantile Asset Management LLP now owns 120,121 shares of the 3D printing company’s stock worth $2,246,000 after purchasing an additional 63,851 shares during the period. Lord Abbett & CO. LLC purchased a new stake in 3D Systems Corporation in the second quarter worth $5,143,000. Thrivent Financial For Lutherans increased its stake in 3D Systems Corporation by 9.2% in the first quarter. Thrivent Financial For Lutherans now owns 19,950 shares of the 3D printing company’s stock worth $298,000 after purchasing an additional 1,680 shares during the period. Concourse Capital Management LLC increased its stake in 3D Systems Corporation by 436.3% in the second quarter. Concourse Capital Management LLC now owns 63,337 shares of the 3D printing company’s stock worth $1,184,000 after purchasing an additional 51,527 shares during the period. Finally, BlackRock Inc. increased its stake in 3D Systems Corporation by 23,856.2% in the first quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock worth $169,471,000 after purchasing an additional 11,280,863 shares during the period. Institutional investors own 58.72% of the company’s stock.

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3D Systems Corporation Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

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