CompoSecure, Inc. (NASDAQ:CMPO) Short Interest Update

CompoSecure, Inc. (NASDAQ:CMPO) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 5,400,000 shares, a growth of 17.9% from the July 15th total of 4,580,000 shares. Based on an average daily trading volume, of 419,800 shares, the days-to-cover ratio is presently 12.9 days. Currently, 24.4% of the shares of the company are sold short.

CompoSecure Stock Performance

NASDAQ CMPO traded up $0.06 on Friday, hitting $11.08. The stock had a trading volume of 840,228 shares, compared to its average volume of 343,245. The firm has a 50-day moving average of $7.71 and a 200-day moving average of $6.69. The company has a market capitalization of $892.55 million, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. CompoSecure has a 52-week low of $4.61 and a 52-week high of $11.20.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $108.57 million for the quarter, compared to analyst estimates of $102.22 million. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. During the same quarter in the prior year, the firm earned $0.25 EPS. As a group, research analysts anticipate that CompoSecure will post 1.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Needham & Company LLC upped their price target on shares of CompoSecure from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Benchmark upped their price target on shares of CompoSecure from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Bank of America increased their target price on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. B. Riley increased their target price on shares of CompoSecure from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Lake Street Capital began coverage on shares of CompoSecure in a research note on Thursday, June 27th. They issued a “buy” rating and a $12.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.33.

Hedge Funds Weigh In On CompoSecure

A number of institutional investors have recently made changes to their positions in CMPO. Grizzlyrock Capital LLC bought a new position in shares of CompoSecure during the 4th quarter valued at $3,223,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of CompoSecure by 146.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company’s stock valued at $3,308,000 after purchasing an additional 289,451 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock valued at $3,248,000 after purchasing an additional 246,094 shares during the last quarter. Boston Partners grew its holdings in shares of CompoSecure by 40.8% during the 1st quarter. Boston Partners now owns 557,136 shares of the company’s stock valued at $4,028,000 after purchasing an additional 161,333 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of CompoSecure by 165.4% during the 2nd quarter. Renaissance Technologies LLC now owns 209,389 shares of the company’s stock valued at $1,424,000 after purchasing an additional 130,489 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

About CompoSecure

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.