Cimpress plc (NASDAQ:CMPR) Short Interest Up 7.3% in January

Cimpress plc (NASDAQ:CMPR) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,620,000 shares, a growth of 7.3% from the January 15th total of 1,510,000 shares. Based on an average trading volume of 153,700 shares, the short-interest ratio is presently 10.5 days. Approximately 7.7% of the shares of the company are short sold.

Cimpress Stock Down 6.6 %

CMPR traded down $3.56 on Tuesday, hitting $50.29. The company’s stock had a trading volume of 289,080 shares, compared to its average volume of 178,257. The company’s 50 day simple moving average is $69.12 and its 200-day simple moving average is $78.03. The firm has a market cap of $1.26 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 0.58 and a beta of 2.08. Cimpress has a 12 month low of $50.29 and a 12 month high of $104.92.

Cimpress (NASDAQ:CMPR) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. Equities analysts predict that Cimpress will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMPR. StockNews.com raised shares of Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Truist Financial cut their price objective on shares of Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $119.00 price objective on shares of Cimpress in a report on Wednesday, January 29th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in Cimpress in the 3rd quarter valued at $29,000. CWM LLC boosted its holdings in Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 427 shares during the period. Quarry LP bought a new position in Cimpress in the 3rd quarter valued at $111,000. Point72 Asset Management L.P. bought a new position in Cimpress in the 3rd quarter valued at $115,000. Finally, Meeder Asset Management Inc. bought a new position in Cimpress in the 3rd quarter valued at $130,000. 77.64% of the stock is owned by institutional investors.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.