Short Interest in CPS Technologies Co. (NASDAQ:CPSH) Rises By 94.5%

CPS Technologies Co. (NASDAQ:CPSH) was the target of a significant increase in short interest in the month of 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 company’s stock are sold short. Based on an average daily volume of 238,000 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.13% of CPS Technologies as of its most recent filing with the SEC. Institutional investors and hedge funds own 11.18% of the company’s stock.

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH traded up $0.02 during trading hours on Friday, reaching $1.53. The stock had a trading volume of 10,648 shares, compared to its average volume of 87,876. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.59. The firm’s 50 day moving average is $1.45 and its 200-day moving average is $1.55. The stock has a market capitalization of $22.22 million, a price-to-earnings ratio of -10.93 and a beta of 1.25.

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.