For what it's worth, listed below is the SSYS short interest over the past year. The actual short interest may be much higher than the reported numbers but that is a discussion for another thread. While it is "healthy" for all stocks to have some short interest, these numbers statistically reveal that some fund manager(s) believe the stock will trade back in the teens. Perhaps the shorts believe a sell off will occur because the same problems facing TDSC and DTMC could happen to SSYS. Or perhaps they think SSYS is overpriced in a small cap market that has sold off. Speculating further, may be the shorts forsee a 'slowing' in year-over-year sales increases and are betting that this fact alone could cause a sell off to occur. Your guess is as good as mine. IMHO, the short interest is still relatively minor and is being driven by fund managers and not everyday small investors.
SSYS Short Interest (in 000's on the 15th of the month):
1997:
June 715,
May 531,
April 526,
March 462,
February 323,
January 323,
1996:
December 279,
November 285,
October 230,
September 191,
August 130,
July 85,
June 105
Per the recent 10Q, there are 5,672K shares outstanding. I believe most of these shares have been registered. The number of shares sitting in the cash side of accounts is, of course, unknown.
- David
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