Short Interest in CPS Technologies Co. (NASDAQ:CPSH) Grows By 8.1%

by · The Cerbat Gem

CPS Technologies Co. (NASDAQ:CPSH – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 115,700 shares, an increase of 8.1% from the September 15th total of 107,000 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average trading volume of 27,700 shares, the days-to-cover ratio is currently 4.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on CPS Technologies in a research report on Wednesday. They set a “hold” rating on the stock.

Get Our Latest Analysis on CPS Technologies

Institutional Trading of CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies as of its most recent filing with the Securities & Exchange Commission. 11.18% of the stock is owned by institutional investors and hedge funds.

CPS Technologies Stock Down 0.7 %

CPS Technologies stock traded down $0.01 during trading hours on Thursday, hitting $1.42. The stock had a trading volume of 3,470 shares, compared to its average volume of 27,466. The stock’s 50-day moving average price is $1.41 and its 200-day moving average price is $1.62. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.72. The stock has a market capitalization of $20.62 million, a P/E ratio of 28.00 and a beta of 1.26.

CPS Technologies (NASDAQ:CPSH – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $5.03 million for the quarter. CPS Technologies had a negative net margin of 3.28% and a negative return on equity of 4.61%.

CPS Technologies Company Profile

(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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