Short Interest in CPS Technologies Co. (NASDAQ:CPSH) Decreases By 19.2%

CPS Technologies Co. (NASDAQ:CPSH) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 203,800 shares, a decline of 19.2% from the February 13th total of 252,200 shares. Based on an average daily volume of 67,800 shares, the short-interest ratio is presently 3.0 days. Approximately 1.8% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Institutional Trading of CPS Technologies

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in CPS Technologies during the third quarter worth $26,000. Citadel Advisors LLC boosted its holdings in CPS Technologies by 18.3% during the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock worth $60,000 after buying an additional 5,751 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in CPS Technologies by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after buying an additional 6,865 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in CPS Technologies by 13.2% during the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock worth $178,000 after buying an additional 12,903 shares in the last quarter. 11.18% of the stock is owned by hedge funds and other institutional investors.

CPS Technologies Trading Up 7.8 %

Shares of CPSH stock traded up $0.12 during trading hours on Wednesday, hitting $1.65. The company’s stock had a trading volume of 66,720 shares, compared to its average volume of 91,303. The company has a 50 day moving average of $1.71 and a 200 day moving average of $1.56. The stock has a market cap of $23.97 million, a PE ratio of -11.78 and a beta of 1.32. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.46.

CPS Technologies (NASDAQ:CPSH) last released its quarterly earnings data on Wednesday, March 12th. The electronics maker reported ($0.07) EPS for the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%. The business had revenue of $5.93 million during the quarter.

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.