Short Interest in Stratasys Ltd. (NASDAQ:SSYS) Decreases By 33.8%

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

Hedge Funds Weigh In On Stratasys

A number of institutional investors have recently bought and sold shares of SSYS. Tidal Investments LLC boosted its holdings in shares of Stratasys by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 56,176 shares of the technology company’s stock valued at $467,000 after acquiring an additional 2,483 shares during the last quarter. Barclays PLC boosted its holdings in Stratasys by 1.9% in the third quarter. Barclays PLC now owns 80,454 shares of the technology company’s stock valued at $669,000 after purchasing an additional 1,525 shares during the last quarter. Geode Capital Management LLC grew its position in Stratasys by 42.2% during the 3rd quarter. Geode Capital Management LLC now owns 67,398 shares of the technology company’s stock worth $560,000 after purchasing an additional 20,012 shares during the period. Jane Street Group LLC raised its stake in shares of Stratasys by 17.4% during the 3rd quarter. Jane Street Group LLC now owns 103,218 shares of the technology company’s stock valued at $858,000 after buying an additional 15,318 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Stratasys by 1.4% during the 3rd quarter. State Street Corp now owns 105,578 shares of the technology company’s stock valued at $877,000 after buying an additional 1,500 shares during the last quarter. 75.77% of the stock is owned by hedge funds and other institutional investors.

Stratasys Stock Down 6.6 %

Shares of SSYS traded down $0.71 during trading hours on Friday, reaching $10.08. 871,964 shares of the company traded hands, compared to its average volume of 520,309. The business has a fifty day moving average price of $8.52 and a 200-day moving average price of $8.23. Stratasys has a 12-month low of $6.05 and a 12-month high of $14.93. The stock has a market capitalization of $719.51 million, a P/E ratio of -7.64 and a beta of 1.31.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.05. Stratasys had a negative return on equity of 3.75% and a negative net margin of 16.13%. The business had revenue of $140.00 million for the quarter, compared to the consensus estimate of $139.49 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. As a group, research analysts predict that Stratasys will post -0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SSYS. Needham & Company LLC boosted their price objective on shares of Stratasys from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Lake Street Capital reduced their price target on Stratasys from $15.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Craig Hallum increased their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Loop Capital dropped their target price on Stratasys from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, September 5th. Finally, Cantor Fitzgerald decreased their price target on Stratasys from $23.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.