CompoSecure, Inc. (NASDAQ:CMPO) Sees Significant Increase in Short Interest

CompoSecure, Inc. (NASDAQ:CMPO) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,410,000 shares, a growth of 15.2% from the March 15th total of 2,960,000 shares. Approximately 22.2% of the shares of the company are sold short. Based on an average daily volume of 215,900 shares, the short-interest ratio is currently 15.8 days.

CompoSecure Price Performance

Shares of NASDAQ CMPO traded down $0.12 during mid-day trading on Tuesday, reaching $6.55. The company’s stock had a trading volume of 231,144 shares, compared to its average volume of 207,544. The firm has a market capitalization of $527.47 million, a PE ratio of 7.20 and a beta of 0.72. The stock has a fifty day moving average of $5.87 and a two-hundred day moving average of $5.64. CompoSecure has a 52 week low of $4.61 and a 52 week high of $7.90.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. The firm had revenue of $99.90 million during the quarter, compared to analyst estimates of $95.86 million. Analysts anticipate that CompoSecure will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cannell Capital LLC raised its position in CompoSecure by 70.0% during the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after purchasing an additional 728,424 shares during the period. Wellington Management Group LLP increased its holdings in CompoSecure by 30.8% during the 3rd quarter. Wellington Management Group LLP now owns 355,454 shares of the company’s stock worth $2,293,000 after purchasing an additional 83,736 shares during the period. Kerrisdale Advisers LLC purchased a new position in CompoSecure during the 3rd quarter worth $267,000. Allspring Global Investments Holdings LLC increased its holdings in CompoSecure by 67.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock worth $164,000 after purchasing an additional 10,259 shares during the period. Finally, AE Wealth Management LLC purchased a new position in CompoSecure during the 3rd quarter worth $74,000. 37.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on CMPO shares. Benchmark boosted their price target on CompoSecure from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, March 7th. B. Riley boosted their price target on CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. lowered CompoSecure from an “overweight” rating to a “neutral” rating and cut their price target for the company from $7.00 to $6.00 in a report on Monday, December 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, CompoSecure has a consensus rating of “Moderate Buy” and a consensus price target of $11.83.

CompoSecure Company Profile

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.