Citron's report below:
As of this time of writing, VJET is down more than 7% in pre-market trading (around $36), after reading the report I seriously wonder if a short is the way to go here?
Look at those volume bars of the past couple of days. Oversold? Maybe, but it's price doesn't make any sense to me after Citron's report. Extremely volatile stocks like these are usually pretty risky, but it also means that a lot of money can be made if you're on the right side of the fence. When it comes to 3D printing companies, I'll stick with the bigger names such as 3D Systems (DDD) and Stratasys (SSYS), they have market capital in the billions, unlike Voxeljet that somehow managed to cough up 600 million in market cap, for what exactly - who knows. It makes me wonder how the market valued it so high in the first place, it's almost like some investors buy stocks from companies with doing any proper research. Anyway, I'm short VJET, that's for sure, I think it'll get a lot worse for them.
By: +John van der Munnik