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

CPS Technologies Corp. (NASDAQ:CPSH) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 54,210 shares, a drop of 27.6% from the December 15th total of 74,859 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 82,663 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 82,663 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CPSH. Roth Capital initiated coverage on CPS Technologies in a report on Thursday, November 13th. They issued a “buy” rating and a $6.00 price target for the company. Wall Street Zen raised shares of CPS Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised shares of CPS Technologies to a “hold” rating in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.00.

Hedge Funds Weigh In On CPS Technologies

A number of hedge funds have recently bought and sold shares of CPSH. IFP Advisors Inc increased its holdings in 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 during the last quarter. Dimensional Fund Advisors LP grew its position in shares of CPS Technologies by 81.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after acquiring an additional 11,808 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of CPS Technologies in the 3rd quarter valued at approximately $69,000. Salvus Wealth Management LLC acquired a new stake in shares of CPS Technologies during the 4th quarter valued at approximately $85,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of CPS Technologies during the 4th quarter valued at approximately $94,000. 11.18% of the stock is currently owned by institutional investors and hedge funds.

CPS Technologies Stock Performance

Shares of CPSH stock traded up $0.62 during mid-day trading on Friday, reaching $5.43. 998,657 shares of the company were exchanged, compared to its average volume of 207,088. CPS Technologies has a fifty-two week low of $1.40 and a fifty-two week high of $5.49. The company has a market capitalization of $97.63 million, a P/E ratio of -135.75 and a beta of 1.26. The business’s 50 day simple moving average is $3.44 and its 200 day simple moving average is $3.37.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings results on Friday, October 31st. The electronics maker reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $8.80 million for the quarter. CPS Technologies had a negative net margin of 1.94% and a negative return on equity of 3.96%.

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.