Velo3D Inc ( VELO ). shares are trading lower Monday morning. This follows a period of intense volatility and a scheduled transition in the company’s executive suite.

Nasdaq futures rose 0.55% Monday morning, while S&P 500 futures gained 0.28%. This follows a market closure on Friday, April 3, for Good Friday.

CFO Transition Takes Effect

The decline coincides with James Suva officially assuming the role of Chief Financial Officer on Monday. Velo3D ( VELO ) originally announced Suva’s appointment on March 25. He succeeds Bernard Chung, who served as Acting CFO since December.

Suva brings over 20 years of capital markets experience to the metal 3D printing firm. “We are excited to welcome Jim as our Chief Financial Officer,” said CEO Arun Jeldi in a company statement. Suva previously served as Senior Vice President at Cricut.

Short Sellers Increase Positions

Recent data shows a spike in bearish bets against the additive manufacturing leader. Short interest in Velo3D ( VELO ) jumped from 2.31 million to 3.51 million shares.

Short sellers now control 28.64% of the company’s public float. Based on average daily volumes of 1.99 million shares, it would take 1.77 days for short positions to cover.

Recent Financial Performance

The premarket move follows a volatile Thursday where the stock gained 23.62%. Velo3D ( VELO ) on March 24 reported fourth-quarter revenue of $9.44 million, beating analyst estimates.

The company recently secured a $9.8 million multi-year defense contract. Management expects to turn EBITDA positive in the second half of 2026.

VELO Price Action: Velo3D ( VELO ) shares were down 9.51% at $10.75 during premarket trading on Monday, according to Benzinga Pro data.