Velo3D, Inc. (NYSE:VLD – Get Free Report) 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 – Get Free Report) 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
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.
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