3D Systems is having a tough day.
The stock is down nearly 2% today, after jumping close to 10% over the last month, and it could have something to do with an increase in short positions on the company.
Stock of 3D Systems Corporation (NYSE:DDD) has seen an increase of 7.28% in short interest recently. DDD’s total short interest was 26.95M shares in June, according to information published by FINRA. That's a 7.28% increase from 25.13 million shares in the previous reporting.
Year to date, the company is up nearly 55%, outperforming the S&P 500 by over 50%.
Today's move comes less than a week after 3D Systems named former Eastman Kodak executive John McCullen as its new CFO.
According to TradeCalls.org, 3D Systems Corporation (NYSE:DDD) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 3.29 by 14 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 10 Brokerage Firms have advised hold. 3 Analysts have rated it as strong sell.