CPS Technologies Co. (NASDAQ:CPSH) Sees Large Growth in Short Interest

by · The Cerbat Gem

CPS Technologies Co. (NASDAQ:CPSH – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 251,300 shares, an increase of 142.8% from the October 15th total of 103,500 shares. Based on an average trading volume of 237,000 shares, the short-interest ratio is currently 1.1 days. Approximately 2.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.11% of CPS Technologies at the end of the most recent quarter. Institutional investors own 11.18% of the company’s stock.

CPS Technologies Trading Down 2.8 %

CPSH stock traded down $0.04 during trading on Thursday, reaching $1.40. The stock had a trading volume of 14,718 shares, compared to its average volume of 89,843. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.59. The stock’s 50 day moving average is $1.43 and its two-hundred day moving average is $1.57. The firm has a market cap of $20.34 million, a PE ratio of -10.28 and a beta of 1.25.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on CPS Technologies in a research report on Saturday, November 9th. They set a “hold” rating on the stock.

Get Our Latest Stock Report on CPS Technologies

About CPS Technologies

(Get Free Report)

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; hermetic packages for use in radar, satellite, and avionics applications; baseplates and housings used in modules built with wide band gap semiconductors; and lids and heat spreaders for use in internet switches and routers.

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