CPS Technologies Co. (NASDAQ:CPSH) Short Interest Up 18.2% in December

CPS Technologies Co. (NASDAQ:CPSHGet Rating) was the target of a large growth in short interest in the month of December. As of December 30th, there was short interest totalling 110,300 shares, a growth of 18.2% from the December 15th total of 93,300 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 40,800 shares, the short-interest ratio is currently 2.7 days.

CPS Technologies Price Performance

Shares of CPS Technologies stock opened at $2.83 on Friday. CPS Technologies has a one year low of $2.47 and a one year high of $5.85. The stock has a market capitalization of $40.86 million, a P/E ratio of 20.21 and a beta of 1.79. The business’s 50 day simple moving average is $2.95 and its two-hundred day simple moving average is $3.17.

CPS Technologies (NASDAQ:CPSHGet Rating) last posted its earnings results on Wednesday, November 2nd. The electronics maker reported $0.07 earnings per share (EPS) for the quarter. CPS Technologies had a return on equity of 14.67% and a net margin of 7.80%. The firm had revenue of $6.75 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on CPS Technologies in a research note on Sunday, January 15th. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On CPS Technologies

Hedge funds have recently made changes to their positions in the business. PDT Partners LLC purchased a new position in shares of CPS Technologies during the second quarter valued at approximately $33,000. Jane Street Group LLC purchased a new position in shares of CPS Technologies during the second quarter valued at approximately $67,000. Northern Trust Corp increased its stake in shares of CPS Technologies by 32.7% during the second quarter. Northern Trust Corp now owns 22,001 shares of the electronics maker’s stock valued at $68,000 after buying an additional 5,420 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of CPS Technologies by 26.5% during the third quarter. Dimensional Fund Advisors LP now owns 33,583 shares of the electronics maker’s stock valued at $94,000 after buying an additional 7,031 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of CPS Technologies by 125.4% during the first quarter. NewEdge Advisors LLC now owns 35,952 shares of the electronics maker’s stock valued at $187,000 after buying an additional 20,000 shares during the period. 9.37% of the stock is owned by hedge funds and other institutional investors.

About CPS Technologies

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CPS Technologies Corp. engages in the provision of advanced material solutions to the transportation, automotive, energy, computing or Internet, telecommunications, aerospace, defense, and oil and gas end markets. The firm focuses on the design, manufacture, and sale of custom metal matrix composite components.

Further Reading

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