CPS Technologies Co. (NASDAQ:CPSH) Short Interest Up 8.1% in September

CPS Technologies Co. (NASDAQ:CPSH) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 115,700 shares, an increase of 8.1% from the September 15th total of 107,000 shares. Based on an average trading volume of 27,700 shares, the days-to-cover ratio is presently 4.2 days. Currently, 1.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies at the end of the most recent reporting period. 11.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on CPS Technologies in a research report on Wednesday. They set a “hold” rating on the stock.

CPS Technologies Stock Down 0.7 %

CPSH stock traded down $0.01 on Thursday, reaching $1.42. 4,494 shares of the company’s stock were exchanged, compared to its average volume of 27,471. The stock has a fifty day moving average of $1.41 and a 200-day moving average of $1.62. The firm has a market cap of $20.62 million, a PE ratio of 28.40 and a beta of 1.26. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.72.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings results on Wednesday, July 31st. The electronics maker reported ($0.07) earnings per share for the quarter. The company had revenue of $5.03 million for the quarter. CPS Technologies had a negative return on equity of 4.61% and a negative net margin of 3.28%.

CPS Technologies Company Profile

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; hermetic packages for use in radar, satellite, and avionics applications; baseplates and housings used in modules built with wide band gap semiconductors; and lids and heat spreaders for use in internet switches and routers.