Stratasys Ltd. (NASDAQ:SSYS) Short Interest Update

Stratasys Ltd. (NASDAQ:SSYS) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,770,000 shares, a growth of 18.8% from the May 31st total of 1,490,000 shares. Based on an average trading volume of 535,900 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.1% of the shares of the company are sold short.

Stratasys Stock Performance

Shares of SSYS opened at $8.30 on Tuesday. The stock has a market capitalization of $578.18 million, a P/E ratio of -4.54 and a beta of 1.21. Stratasys has a 1 year low of $8.02 and a 1 year high of $21.72. The company’s fifty day moving average is $9.12 and its two-hundred day moving average is $11.33.

Stratasys (NASDAQ:SSYS) last released its earnings results on Wednesday, May 29th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.15). The company had revenue of $144.05 million for the quarter, compared to analysts’ expectations of $147.53 million. Stratasys had a negative return on equity of 2.68% and a negative net margin of 20.38%. Sell-side analysts predict that Stratasys will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Stratasys

Several institutional investors have recently made changes to their positions in the stock. RIA Advisory Group LLC acquired a new stake in shares of Stratasys in the fourth quarter valued at about $33,000. Crewe Advisors LLC purchased a new stake in shares of Stratasys during the 1st quarter worth approximately $61,000. Larson Financial Group LLC grew its holdings in shares of Stratasys by 2,711.2% in the 1st quarter. Larson Financial Group LLC now owns 9,558 shares of the technology company’s stock worth $111,000 after acquiring an additional 9,218 shares during the period. Values First Advisors Inc. increased its stake in Stratasys by 4.4% in the 4th quarter. Values First Advisors Inc. now owns 19,652 shares of the technology company’s stock valued at $281,000 after purchasing an additional 828 shares in the last quarter. Finally, Formidable Asset Management LLC raised its holdings in Stratasys by 21.1% during the fourth quarter. Formidable Asset Management LLC now owns 21,252 shares of the technology company’s stock worth $303,000 after purchasing an additional 3,705 shares during the last quarter. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SSYS shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $23.00 target price on shares of Stratasys in a report on Thursday, May 30th. StockNews.com assumed coverage on shares of Stratasys in a report on Sunday. They issued a “buy” rating for the company. Needham & Company LLC decreased their target price on shares of Stratasys from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. Finally, Craig Hallum dropped their price target on Stratasys from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Monday.

About Stratasys

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.