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

CPS Technologies Corp. (NASDAQ:CPSH) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,540,742 shares, an increase of 85.0% from the May 14th total of 832,617 shares. Based on an average trading volume of 6,240,714 shares, the short-interest ratio is presently 0.2 days. Currently, 9.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CPSH shares. Zacks Research lowered shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised CPS Technologies from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.00.

Hedge Funds Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently modified their holdings of CPSH. Round Rock Advisors LLC increased its stake in shares of CPS Technologies by 316.7% during the fourth quarter. Round Rock Advisors LLC now owns 191,325 shares of the electronics maker’s stock worth $591,000 after purchasing an additional 145,409 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in CPS Technologies by 3,964.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 88,400 shares of the electronics maker’s stock valued at $273,000 after buying an additional 86,225 shares in the last quarter. Evernest Financial Advisors LLC acquired a new stake in CPS Technologies in the 4th quarter worth about $449,000. MYDA Advisors LLC purchased a new stake in CPS Technologies during the 4th quarter worth approximately $865,000. Finally, Perkins Capital Management Inc. acquired a new position in shares of CPS Technologies during the fourth quarter valued at approximately $624,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Price Performance

Shares of NASDAQ:CPSH traded down $0.77 during trading on Monday, hitting $7.09. 390,044 shares of the stock traded hands, compared to its average volume of 1,076,399. The company has a fifty day moving average price of $5.86 and a two-hundred day moving average price of $4.71. CPS Technologies has a 52-week low of $2.10 and a 52-week high of $14.39.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings results on Tuesday, May 5th. The electronics maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). CPS Technologies had a net margin of 0.10% and a return on equity of 0.16%. The firm had revenue of $7.03 million for the quarter, compared to analyst estimates of $8.63 million. Equities research analysts forecast that CPS Technologies will post 0.04 EPS for the current year.

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.