Stratasys, Ltd. (NASDAQ:SSYS) Sees Large Drop in Short Interest

Stratasys, Ltd. (NASDAQ:SSYS) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 1,724,805 shares, a decline of 30.1% from the January 29th total of 2,465,979 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 784,592 shares, the days-to-cover ratio is presently 2.2 days. Based on an average trading volume of 784,592 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SSYS. TD Waterhouse Canada Inc. bought a new position in shares of Stratasys during the 4th quarter worth $25,000. Global Retirement Partners LLC purchased a new stake in Stratasys during the fourth quarter valued at about $26,000. Advisory Services Network LLC purchased a new stake in Stratasys during the third quarter valued at about $34,000. Raymond James Financial Inc. purchased a new position in shares of Stratasys in the second quarter worth about $35,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Stratasys in the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Stratasys Stock Performance

Shares of Stratasys stock traded down $0.26 on Friday, reaching $9.63. 637,862 shares of the company traded hands, compared to its average volume of 725,321. The company has a 50 day moving average of $10.35 and a 200 day moving average of $10.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.65 and a quick ratio of 2.69. Stratasys has a 52 week low of $8.12 and a 52 week high of $12.81. The firm has a market capitalization of $819.42 million, a PE ratio of -5.94 and a beta of 1.65.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SSYS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Stratasys in a research report on Thursday, January 22nd. UBS Group reissued an “overweight” rating on shares of Stratasys in a research report on Friday, November 14th. Needham & Company LLC cut their target price on Stratasys from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Cantor Fitzgerald increased their price target on Stratasys from $13.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, November 14th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.75.

About Stratasys

Stratasys, Inc is a global leader in additive manufacturing and 3D printing solutions, offering a comprehensive portfolio of technologies and materials for rapid prototyping and production. Founded in 1989 by Scott and Lisa Crump, the company pioneered fused deposition modeling (FDM) and has since expanded its capabilities to include PolyJet, stereolithography and metal deposition systems. Stratasys serves a broad array of customers, from small design studios to major industrial manufacturers, enabling accelerated product development and on-demand part production.

The company’s product line encompasses both desktop and industrial-grade 3D printers, dedicated support materials and proprietary software designed to streamline the digital manufacturing workflow.