Stratasys Ltd. (NASDAQ:SSYS) Short Interest Down 33.8% in November

Stratasys Ltd. (NASDAQ:SSYS) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 927,200 shares, a decrease of 33.8% from the November 15th total of 1,400,000 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 596,800 shares, the days-to-cover ratio is presently 1.6 days.

Stratasys Price Performance

Shares of SSYS traded down $0.71 during trading hours on Friday, reaching $10.08. The stock had a trading volume of 871,964 shares, compared to its average volume of 647,334. Stratasys has a 12 month low of $6.05 and a 12 month high of $14.93. The firm has a 50-day simple moving average of $8.52 and a 200 day simple moving average of $8.22.

Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $140.00 million for the quarter, compared to analyst estimates of $139.49 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm’s revenue was down 13.6% on a year-over-year basis. During the same period last year, the firm earned ($0.05) earnings per share. Sell-side analysts anticipate that Stratasys will post -0.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP bought a new stake in shares of Stratasys during the 3rd quarter valued at about $90,000. Stifel Financial Corp raised its stake in Stratasys by 24.7% in the third quarter. Stifel Financial Corp now owns 23,206 shares of the technology company’s stock valued at $193,000 after purchasing an additional 4,600 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Stratasys during the third quarter valued at approximately $210,000. Values First Advisors Inc. grew its stake in Stratasys by 51.3% in the 2nd quarter. Values First Advisors Inc. now owns 33,175 shares of the technology company’s stock worth $278,000 after buying an additional 11,254 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Stratasys in the 3rd quarter worth $322,000. 75.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SSYS has been the topic of several recent analyst reports. Loop Capital cut their target price on shares of Stratasys from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. Cantor Fitzgerald decreased their price target on shares of Stratasys from $23.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Needham & Company LLC increased their price target on Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. StockNews.com lowered shares of Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Lake Street Capital cut their target price on Stratasys from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.40.

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.