CPS Technologies Corp. (NASDAQ:CPSH) Sees Large Increase in Short Interest

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 311,781 shares, a growth of 95.6% from the April 15th total of 159,426 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily trading volume, of 295,661 shares, the days-to-cover ratio is presently 1.1 days.

CPS Technologies Price Performance

CPSH stock traded up $0.49 on Monday, reaching $5.08. The company had a trading volume of 695,700 shares, compared to its average volume of 335,744. CPS Technologies has a 1 year low of $1.88 and a 1 year high of $6.85. The company’s fifty day moving average is $4.33 and its 200 day moving average is $4.13.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings results on Monday, May 4th. The electronics maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%.The business had revenue of $7.03 million for the quarter, compared to analysts’ expectations of $8.63 million. On average, sell-side analysts expect that CPS Technologies will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CPSH has been the topic of several recent research reports. Wall Street Zen cut CPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings cut CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Zacks Research cut CPS Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $6.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of CPS Technologies in the second quarter valued at about $98,000. GSA Capital Partners LLP acquired a new stake in shares of CPS Technologies in the third quarter valued at about $69,000. Dimensional Fund Advisors LP grew its stake in shares of CPS Technologies by 81.2% in the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after buying an additional 11,808 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of CPS Technologies in the third quarter valued at about $789,000. Finally, IFP Advisors Inc grew its stake in shares of CPS Technologies by 33.3% in the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after buying an additional 5,000 shares in the last quarter. 11.18% of the stock is owned by hedge funds and other institutional investors.

About CPS Technologies

CPS Technologies Corp is a materials technology company specializing in the design and manufacture of advanced engineered composites and metal systems. The company develops bonded metal components, high-performance polymer composites and ceramic-to-metal brazed assemblies that address the demanding requirements of high-temperature, high-stress and high-frequency applications. CPS Technologies’ product portfolio includes thermal management solutions, electromagnetic interference (EMI) shielding materials, structural composites and electronic packaging substrates tailored for critical end markets.

Serving the aerospace, defense, electronics and energy industries, CPS Technologies works closely with original equipment manufacturers and system integrators to deliver custom materials solutions that reduce weight, improve thermal efficiency and enhance mechanical performance.