CPS Technologies Corp. (NASDAQ:CPSH) Short Interest Update

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 832,617 shares, a growth of 167.1% from the April 30th total of 311,781 shares. Based on an average trading volume of 540,162 shares, the short-interest ratio is currently 1.5 days. Currently, 5.3% of the shares of the company are sold short.

Institutional Trading of CPS Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Polar Asset Management Partners Inc. bought a new stake in CPS Technologies in the fourth quarter worth about $1,022,000. MYDA Advisors LLC bought a new stake in shares of CPS Technologies in the 4th quarter worth approximately $865,000. CIBC Bancorp USA Inc. acquired a new stake in CPS Technologies during the third quarter valued at approximately $789,000. Perkins Capital Management Inc. bought a new stake in CPS Technologies during the fourth quarter worth approximately $624,000. Finally, Kennedy Capital Management LLC acquired a new position in CPS Technologies in the fourth quarter worth approximately $588,000. Institutional investors own 11.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CPSH shares. Weiss Ratings cut CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. Wall Street Zen downgraded CPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Zacks Research cut CPS Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, CPS Technologies presently has an average rating of “Reduce” and a consensus target price of $6.00.

CPS Technologies Price Performance

Shares of NASDAQ:CPSH traded down $0.37 during trading hours on Monday, hitting $8.65. The stock had a trading volume of 1,093,865 shares, compared to its average volume of 863,113. The stock’s fifty day simple moving average is $5.04 and its 200 day simple moving average is $4.38. CPS Technologies has a 1-year low of $2.10 and a 1-year high of $14.39.

CPS Technologies (NASDAQ:CPSH) last issued its quarterly earnings data on Tuesday, May 5th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%.The business had revenue of $7.03 million for the quarter, compared to analyst estimates of $8.63 million. Analysts anticipate that CPS Technologies will post 0.04 earnings per share for the current year.

CPS Technologies Company Profile

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.