ExOne Co (NASDAQ:XONE) Short Interest Update

ExOne Co (NASDAQ:XONE) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 2,029,000 shares, a decline of 5.4% from the May 15th total of 2,144,000 shares. Approximately 21.0% of the shares of the company are short sold. Based on an average daily volume of 102,200 shares, the days-to-cover ratio is presently 19.9 days.

Shares of ExOne stock traded down $0.08 on Friday, reaching $7.77. 86,941 shares of the company were exchanged, compared to its average volume of 142,617. The business has a fifty day simple moving average of $8.00. The stock has a market cap of $127.07 million, a price-to-earnings ratio of -9.96 and a beta of 3.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.24 and a quick ratio of 1.04. ExOne has a fifty-two week low of $5.73 and a fifty-two week high of $11.73.

ExOne (NASDAQ:XONE) last issued its quarterly earnings results on Thursday, May 9th. The industrial products company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.05. ExOne had a negative return on equity of 17.85% and a negative net margin of 17.29%. The business had revenue of $9.58 million for the quarter, compared to the consensus estimate of $10.90 million. As a group, research analysts anticipate that ExOne will post -0.23 EPS for the current year.

Separately, Zacks Investment Research raised Zurich Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 18th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $10.75.

In related news, Director Roger William Thiltgen acquired 10,000 shares of ExOne stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $8.10 per share, for a total transaction of $81,000.00. Following the transaction, the director now directly owns 17,600 shares of the company’s stock, valued at approximately $142,560. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 32.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. ARK Investment Management LLC grew its stake in ExOne by 9.7% in the first quarter. ARK Investment Management LLC now owns 2,171,191 shares of the industrial products company’s stock valued at $18,433,000 after purchasing an additional 192,374 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in ExOne in the fourth quarter valued at about $724,000. Millennium Management LLC grew its stake in ExOne by 174.0% in the fourth quarter. Millennium Management LLC now owns 99,031 shares of the industrial products company’s stock valued at $656,000 after purchasing an additional 62,894 shares in the last quarter. Granite Investment Partners LLC grew its stake in ExOne by 87.4% in the first quarter. Granite Investment Partners LLC now owns 121,178 shares of the industrial products company’s stock valued at $1,029,000 after purchasing an additional 56,509 shares in the last quarter. Finally, Alambic Investment Management L.P. purchased a new position in ExOne in the first quarter valued at about $309,000. Institutional investors and hedge funds own 30.39% of the company’s stock.

About ExOne

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services to industrial customers primarily in North America, Europe, and Asia. The company manufactures and sells 3D printing machines that serves direct and indirect applications, including components and tools to produce a component; and offers pre-production collaboration and print products for customers.

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