CPS Technologies Corp. (NASDAQ:CPSH) Sees Significant Growth in Short Interest

CPS Technologies Corp. (NASDAQ:CPSH) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 59,013 shares, an increase of 90.6% from the February 12th total of 30,961 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 133,094 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 133,094 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On CPS Technologies

Several hedge funds have recently modified their holdings of CPSH. GSA Capital Partners LLP bought a new position in shares of CPS Technologies during the third quarter worth $69,000. IFP Advisors Inc lifted its stake in CPS Technologies by 33.3% in the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 5,000 shares in the last quarter. Jane Street Group LLC lifted its stake in CPS Technologies by 122.5% in the 4th quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 14,822 shares in the last quarter. Salvus Wealth Management LLC bought a new position in shares of CPS Technologies during the 4th quarter valued at about $85,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of CPS Technologies during the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Price Performance

Shares of NASDAQ CPSH traded up $0.03 during mid-day trading on Friday, reaching $3.78. The company’s stock had a trading volume of 149,662 shares, compared to its average volume of 169,563. CPS Technologies has a 52 week low of $1.40 and a 52 week high of $6.85. The stock has a fifty day moving average of $4.64 and a two-hundred day moving average of $3.91. The firm has a market capitalization of $68.01 million, a PE ratio of 126.04 and a beta of 1.31.

CPS Technologies (NASDAQ:CPSH) last issued its earnings results on Tuesday, March 3rd. The electronics maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). CPS Technologies had a net margin of 1.29% and a return on equity of 2.43%. The business had revenue of $8.21 million for the quarter, compared to the consensus estimate of $9.46 million.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, January 21st. Zacks Research raised shares of CPS Technologies to a “hold” rating in a report on Friday, November 14th. Finally, Wall Street Zen downgraded shares of CPS Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.

CPS Technologies Company Profile

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.