Velo3D, Inc. (NYSE:VLD) Short Interest Update

Velo3D, Inc. (NYSE:VLD) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 787,000 shares, a drop of 96.7% from the May 31st total of 23,840,000 shares. Currently, 13.3% of the company’s shares are sold short. Based on an average daily trading volume, of 210,000 shares, the days-to-cover ratio is presently 3.7 days.

Velo3D Price Performance

VLD opened at $3.35 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.62 and a quick ratio of 0.58. The stock’s 50 day moving average price is $6.11 and its 200-day moving average price is $10.54. Velo3D has a 52-week low of $2.71 and a 52-week high of $87.50.

Velo3D (NYSE:VLD) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($2.80) earnings per share (EPS) for the quarter. Velo3D had a negative net margin of 208.75% and a negative return on equity of 160.98%. The company had revenue of $9.79 million for the quarter.

Hedge Funds Weigh In On Velo3D

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Velo3D by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 6,965,226 shares of the company’s stock worth $3,173,000 after acquiring an additional 173,075 shares during the period. Highbridge Capital Management LLC purchased a new stake in Velo3D in the fourth quarter worth $1,661,000. Swiss National Bank grew its stake in Velo3D by 12.3% in the third quarter. Swiss National Bank now owns 211,600 shares of the company’s stock worth $330,000 after purchasing an additional 23,100 shares during the period. Finally, IPG Investment Advisors LLC bought a new position in Velo3D in the fourth quarter worth $60,000. 87.50% of the stock is owned by institutional investors.

About Velo3D

Velo3D, Inc produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses.