CPS Technologies Co. (NASDAQ:CPSH) Sees Significant Increase in Short Interest

CPS Technologies Co. (NASDAQ:CPSH) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 488,800 shares, an increase of 94.5% from the October 31st total of 251,300 shares. Approximately 4.3% of the shares of the company are sold short. Based on an average daily trading volume, of 238,000 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on CPS Technologies in a research report on Monday, November 25th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC bought a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to its most recent 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 at the end of the most recent reporting period. 11.18% of the stock is owned by institutional investors and hedge funds.

CPS Technologies Stock Performance

Shares of CPSH traded up $0.02 during midday trading on Friday, hitting $1.53. 10,648 shares of the company traded hands, compared to its average volume of 87,876. The stock has a market cap of $22.22 million, a price-to-earnings ratio of -10.93 and a beta of 1.25. The firm has a 50 day moving average of $1.45 and a 200-day moving average of $1.55. CPS Technologies has a 52 week low of $1.27 and a 52 week high of $2.59.

About CPS Technologies

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.