VLD’s short interest surges to 11.48 million shares


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Velo3D Inc. shares valued at $41,321 were sold by Buller Benyamin on May 15. At $1.86 per share, Buller Benyamin sold 22,236 shares. The insider’s holdings dropped to 5,027,278 shares worth approximately $8.35 million following the completion of this transaction.

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Also, McCombe William D. sold 11,198 shares, netting a total of over 20,809 in proceeds. Following the sale of shares at $1.86 each, the insider now holds 150,469 shares.

Before that, Youssef Renette had sold 7,889 shares from its account. In a trade valued at $14,660, the Chief Marketing Officer traded Velo3D Inc. shares for $1.86 each. Upon closing the transaction, the insider’s holdings decreased to 7,889 shares, worth approximately $98306.86.

Analyzing VLD Stock Performance

On Thursday, Velo3D Inc. [NYSE: VLD] plunged -2.35% to $1.66. The stock’s lowest price that day was $1.64, but it reached a high of $1.73 in the same session. During the last five days, there has been a drop of approximately -5.14%. Over the course of the year, Velo3D Inc. shares have dropped approximately -7.26%. Shares of the company reached a 52-week high of $3.9500 on 02/16/23 and a 52-week low of $1.6400 on 05/25/23. A 50-day SMA is recorded $2.0806, while a 200-day SMA reached $2.8788. Nevertheless, trading volume fell to 1.31 million shares from 1.06 million shares the previous day.

Support And Resistance Levels for Velo3D Inc. (VLD)

According to the 24-hour chart, there is a support level at 1.6233, which, if violated, would cause prices to drop to 1.5867. In the upper region, resistance lies at 1.7133. The next price resistance is at 1.7667. RSI (Relative Strength Index) is 34.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1024, which suggests the price will decrease in the coming days. Percent R is at 95.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Velo3D Inc. subject to short interest?

Stocks of Velo3D Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 1.12 million shares to 11.48 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 10.36 million shares. A jump of 9.76% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.5 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.5.

Which companies own the most shares of Velo3D Inc. (VLD)?

According to ARK Investment Management LLC filings, the company currently owns 11,655,332 shares, which is about 6.06% of the total VLD shares outstanding. The investor’s shares have appreciated by 1,565,643 from its previous 13-F filing of 10089689.0 shares. With the completion of the sale transaction, BAMCO, Inc.’s stake is now worth $17,630,976. Nikko Asset Management Americas, acquire a 49.46% interest valued at $14.35 million while The Vanguard Group, Inc. purchased a 181,610 stake. A total of -39,487 shares of Velo3D Inc. were bought by BlackRock Fund Advisors during the quarter, and 57,163 were bought by Geode Capital Management LLC. In its current portfolio, SSgA Funds Management, Inc. holds 992,975 shares valued at $2.32 million.

In terms of Velo3D Inc. share price expectations, FactSet research, analysts set an average price target of $3.20 in the next 12 months, up nearly 88.24% from the previous closing price of $1.70. Analysts anticipate Velo3D Inc. stock to reach $3.40 by 2023, with the lowest price target being $3.00. In spite of this, 3 analysts ranked Velo3D Inc. stock as an Overweight at the end of 2023.


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