- After opening lower in response to their Q3 reports, 3D Systems (DDD +18.5%) and Stratasys (SSYS +8.6%) have quickly changed direction, as investors decide (for now, at least) enough bad news is priced in. 3D printing peers ExOne (XONE +2%) and Voxeljet (VJET +6%) are also rallying.
- Profit-taking by shorts is likely helping: 3D had 33.8M shares (32% of its float) shorted as of Oct. 15, and Stratasys 12.8M shares (26% of its float). ExOne had 2.6M shares (28% of its float) shorted, and Voxeljet 1.3M shares (10% of its float).
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Earlier: 3D Systems, Stratasys lower after posting Q3 results, hinting at job cuts