Stratasys Ltd. (NASDAQ:SSYS) Short Interest Down 16.4% in October

Stratasys Ltd. (NASDAQ:SSYS) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 1,120,000 shares, a decrease of 16.4% from the October 15th total of 1,340,000 shares. Based on an average daily volume of 960,000 shares, the short-interest ratio is presently 1.2 days. Approximately 1.9% of the company’s stock are short sold.

Institutional Investors Weigh In On Stratasys

Large investors have recently modified their holdings of the business. PFG Investments LLC acquired a new stake in Stratasys during the first quarter worth about $202,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Stratasys during the second quarter worth approximately $13,206,000. Roumell Asset Management LLC lifted its stake in Stratasys by 15.2% in the first quarter. Roumell Asset Management LLC now owns 190,000 shares of the technology company’s stock valued at $3,141,000 after buying an additional 25,000 shares during the last quarter. Kopion Asset Management LLC grew its holdings in Stratasys by 1.3% during the second quarter. Kopion Asset Management LLC now owns 478,100 shares of the technology company’s stock worth $8,491,000 after acquiring an additional 5,951 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in Stratasys during the 2nd quarter worth about $322,000. Institutional investors own 72.65% of the company’s stock.

Stratasys Trading Up 1.3 %

SSYS opened at $10.55 on Monday. Stratasys has a 1-year low of $9.95 and a 1-year high of $21.72. The company has a market capitalization of $721.63 million, a PE ratio of -16.23 and a beta of 1.45. The firm’s 50 day simple moving average is $11.99 and its two-hundred day simple moving average is $14.87.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Needham & Company LLC dropped their target price on Stratasys from $19.00 to $17.00 and set a “buy” rating for the company in a report on Friday, September 29th. StockNews.com started coverage on Stratasys in a research note on Saturday. They issued a “buy” rating for the company.

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 SAF printer for manufacturing, tooling and rapid prototyping, and various vertical markets, such as automotive, aerospace, consumer products and healthcare.