- After making fresh multi-year lows on Friday following news of CFO Ted Hull is leaving to "meet company needs and to pursue his personal interests," 3D Systems (NYSE:DDD) is rebounding today.
- The gains come after 3D announced an R&D partnership with the U.S. Navy to "jointly develop and evaluate 3D printing technology and materials for military uses, including helping the Navy fulfill a number of strategic initiatives." 3D's metal printers and polymer materials will be leveraged.
- Profit-taking from shorts could be helping out today: 37.2M shares (35% of the float) were shorted as of April 30, not far removed from a 52-week high of 38.6M.