CPS Technologies Corp. (NASDAQ:CPSH) Short Interest Update

CPS Technologies Corp. (NASDAQ:CPSH) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 117,830 shares, a growth of 99.7% from the February 26th total of 59,013 shares. Based on an average daily volume of 211,250 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.8% of the company’s stock are sold short.

CPS Technologies Price Performance

CPS Technologies stock traded down $0.18 during midday trading on Friday, hitting $3.63. 124,048 shares of the stock were exchanged, compared to its average volume of 317,525. CPS Technologies has a 1 year low of $1.40 and a 1 year high of $6.85. The firm has a market cap of $65.29 million, a P/E ratio of 120.87 and a beta of 1.31. The company has a 50 day moving average price of $4.62 and a two-hundred day moving average price of $3.93.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Tuesday, March 3rd. The electronics maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). CPS Technologies had a net margin of 1.29% and a return on equity of 2.43%. The firm had revenue of $8.21 million during the quarter, compared to analysts’ expectations of $9.46 million.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CPSH shares. Weiss Ratings raised CPS Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Wall Street Zen lowered CPS Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.00.

Institutional Investors Weigh In On CPS Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of CPS Technologies in the 4th quarter valued at approximately $95,000. Polar Asset Management Partners Inc. purchased a new position in shares of CPS Technologies during the 4th quarter valued at approximately $1,022,000. MYDA Advisors LLC acquired a new stake in shares of CPS Technologies during the fourth quarter worth approximately $865,000. Evernest Financial Advisors LLC bought a new stake in shares of CPS Technologies in the fourth quarter worth $449,000. Finally, Kennedy Capital Management LLC bought a new position in CPS Technologies during the 4th quarter valued at $588,000. 11.18% of the stock is currently 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.