What's Driving Velo3D Stock?

Velo3D Inc (NASDAQ: VELO ) shares are trading higher on Thursday as investors continue to recalibrate around the company’s recent production-expansion plans and the ongoing push-pull between bullish coverage and a short-seller critique. Velo3D stock is showing exceptional strength. What’s behind VELO gains? What Is Driving Velo3D’s Stock Today? Earlier this week, the company outlined a major manufacturing footprint expansion, including plans for a 288,747-square-foot advanced manufacturing facility in Livermore, California, aimed at tripling production capacity to meet what management described as growing defense and aerospace demand. At the same time, the stock has remained sensitive to a bearish report from Morpheus Research published June 25 that questioned the strength of Velo3D’s aerospace and defense business and challenged the company’s stated prospects. It’s...