CPS Technologies Corp. (NASDAQ:CPSH) Sees Significant Decline in Short Interest

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 54,210 shares, a decline of 27.6% from the December 15th total of 74,859 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 82,663 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 82,663 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CPSH. Wall Street Zen raised CPS Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Roth Capital began coverage on shares of CPS Technologies in a research note on Thursday, November 13th. They issued a “buy” rating and a $6.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of CPS Technologies to a “hold” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CPS Technologies currently has a consensus rating of “Hold” and an average price target of $6.00.

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH opened at $5.43 on Friday. The company has a market capitalization of $97.63 million, a P/E ratio of -135.75 and a beta of 1.26. The company’s 50-day moving average is $3.44 and its 200 day moving average is $3.37. CPS Technologies has a fifty-two week low of $1.40 and a fifty-two week high of $5.49.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings data on Friday, October 31st. The electronics maker reported $0.01 EPS for the quarter. CPS Technologies had a negative net margin of 1.94% and a negative return on equity of 3.96%. The business had revenue of $8.80 million for the quarter.

Hedge Funds Weigh In On CPS Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in shares of CPS Technologies in the third quarter valued at $69,000. IFP Advisors Inc raised its stake in CPS Technologies by 33.3% in the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after acquiring an additional 5,000 shares during the period. Salvus Wealth Management LLC purchased a new stake in CPS Technologies during the fourth quarter valued at about $85,000. Dimensional Fund Advisors LP boosted its position in CPS Technologies by 81.2% during the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 11,808 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of CPS Technologies in the fourth quarter worth about $94,000. 11.18% of the stock is owned by institutional investors.

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.