Short Interest in Stratasys Ltd. (NASDAQ:SSYS) Expands By 18.8%

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

Stratasys Stock Performance

Shares of SSYS opened at $8.30 on Tuesday. The firm has a fifty day moving average of $9.12 and a 200-day moving average of $11.33. The company has a market cap of $578.18 million, a price-to-earnings 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.

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

Institutional Trading of Stratasys

A number of institutional investors have recently made changes to their positions in SSYS. Natixis Advisors L.P. boosted its stake in shares of Stratasys by 54.0% during the 3rd quarter. Natixis Advisors L.P. now owns 47,844 shares of the technology company’s stock worth $651,000 after acquiring an additional 16,774 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Stratasys by 255.4% in the third quarter. Qube Research & Technologies Ltd now owns 168,846 shares of the technology company’s stock worth $2,298,000 after acquiring an additional 121,343 shares in the last quarter. Ardsley Advisory Partners LP purchased a new position in Stratasys during the 3rd quarter worth approximately $1,361,000. Alps Advisors Inc. grew its holdings in shares of Stratasys by 116.7% during the third quarter. Alps Advisors Inc. now owns 136,265 shares of the technology company’s stock valued at $1,855,000 after buying an additional 73,392 shares in the last quarter. Finally, Rubric Capital Management LP acquired a new position in shares of Stratasys in the 3rd quarter valued at about $12,394,000. 75.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.