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

CPS Technologies Co. (NASDAQ:CPSH) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 115,700 shares, a growth of 8.1% from the September 15th total of 107,000 shares. Based on an average trading volume of 27,700 shares, the days-to-cover ratio is currently 4.2 days. Currently, 1.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of CPS Technologies in a report on Wednesday. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC bought a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 11.18% of the stock is currently owned by institutional investors and hedge funds.

CPS Technologies Price Performance

NASDAQ:CPSH traded down $0.01 during trading hours on Thursday, reaching $1.42. 4,494 shares of the company traded hands, compared to its average volume of 27,471. The firm’s 50-day moving average is $1.41 and its 200-day moving average is $1.62. The stock has a market cap of $20.62 million, a P/E ratio of 28.40 and a beta of 1.26. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.72.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Wednesday, July 31st. The electronics maker reported ($0.07) EPS for the quarter. CPS Technologies had a negative net margin of 3.28% and a negative return on equity of 4.61%. The company had revenue of $5.03 million for the quarter.

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.