Short Interest in CPS Technologies Corp. (NASDAQ:CPSH) Grows By 90.6%

CPS Technologies Corp. (NASDAQ:CPSH) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 59,013 shares, a growth of 90.6% from the February 12th total of 30,961 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 133,094 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 133,094 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in CPS Technologies in the 4th quarter valued at about $95,000. Polar Asset Management Partners Inc. acquired a new position in shares of CPS Technologies in the fourth quarter valued at approximately $1,022,000. MYDA Advisors LLC acquired a new position in shares of CPS Technologies in the fourth quarter valued at approximately $865,000. Evernest Financial Advisors LLC bought a new position in shares of CPS Technologies during the fourth quarter worth approximately $449,000. Finally, Kennedy Capital Management LLC bought a new position in shares of CPS Technologies during the fourth quarter worth approximately $588,000. Institutional investors and hedge funds own 11.18% of the company’s stock.

CPS Technologies Stock Up 0.8%

Shares of CPSH stock traded up $0.03 during trading on Friday, reaching $3.78. 149,662 shares of the company’s stock were exchanged, compared to its average volume of 357,846. CPS Technologies has a twelve month low of $1.40 and a twelve month high of $6.85. The firm’s fifty day moving average price is $4.62 and its 200-day moving average price is $3.90. The stock has a market capitalization of $68.00 million, a PE ratio of 126.04 and a beta of 1.31.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Tuesday, March 3rd. The electronics maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). CPS Technologies had a net margin of 1.29% and a return on equity of 2.43%. The business had revenue of $8.21 million for the quarter, compared to analyst estimates of $9.46 million.

Wall Street Analyst Weigh In

CPSH has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of CPS Technologies in a report on Wednesday, January 21st. Roth Mkm assumed coverage on CPS Technologies in a research report on Thursday, November 13th. They set a “buy” rating and a $6.00 price target on the stock. Wall Street Zen cut CPS Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research raised CPS Technologies to a “hold” rating in a report on Friday, November 14th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.00.

About CPS Technologies

CPS Technologies Corp is a materials technology company specializing in the design and manufacture of advanced engineered composites and metal systems. The company develops bonded metal components, high-performance polymer composites and ceramic-to-metal brazed assemblies that address the demanding requirements of high-temperature, high-stress and high-frequency applications. CPS Technologies’ product portfolio includes thermal management solutions, electromagnetic interference (EMI) shielding materials, structural composites and electronic packaging substrates tailored for critical end markets.

Serving the aerospace, defense, electronics and energy industries, CPS Technologies works closely with original equipment manufacturers and system integrators to deliver custom materials solutions that reduce weight, improve thermal efficiency and enhance mechanical performance.