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

CPS Technologies Co. (NASDAQ:CPSH) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 79,100 shares, a drop of 15.1% from the July 15th total of 93,200 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 21,100 shares, the short-interest ratio is currently 3.7 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on CPS Technologies in a report on Tuesday, August 13th. They set a “hold” rating for the company.

CPS Technologies Trading Down 4.0 %

CPSH traded down $0.06 during trading on Friday, reaching $1.42. 59,347 shares of the company were exchanged, compared to its average volume of 28,353. CPS Technologies has a 52 week low of $1.30 and a 52 week high of $3.08. The firm has a 50 day moving average of $1.66 and a 200 day moving average of $1.85. The stock has a market cap of $20.62 million, a P/E ratio of 28.40 and a beta of 1.28.

Hedge Funds Weigh In On 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) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.11% of CPS Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Company Profile

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.