CPS Technologies Corp. (NASDAQ:CPSH) Sees Large Increase in Short Interest

CPS Technologies Corp. (NASDAQ:CPSH) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 135,239 shares, a growth of 171.4% from the January 15th total of 49,831 shares. Based on an average daily trading volume, of 803,142 shares, the short-interest ratio is presently 0.2 days. Currently, 0.9% of the company’s shares are short sold. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 803,142 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

CPSH has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of CPS Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research raised CPS Technologies to a “hold” rating in a research note on Friday, November 14th. Roth Mkm started coverage on shares of CPS Technologies in a research note on Thursday, November 13th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a report on Wednesday, January 21st. 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.00.

Institutional Investors Weigh In On CPS Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in shares of CPS Technologies in the third quarter worth $69,000. IFP Advisors Inc raised its stake in shares of CPS Technologies by 33.3% during the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after purchasing an additional 5,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CPS Technologies by 81.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after buying an additional 11,808 shares during the last quarter. Salvus Wealth Management LLC bought a new position in CPS Technologies during the fourth quarter valued at approximately $85,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in CPS Technologies in the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Price Performance

NASDAQ CPSH traded down $0.17 on Thursday, reaching $4.67. The company had a trading volume of 32,522 shares, compared to its average volume of 480,149. CPS Technologies has a 1 year low of $1.40 and a 1 year high of $6.85. The firm has a market capitalization of $83.88 million, a PE ratio of -116.63 and a beta of 1.55. The firm has a 50-day moving average of $4.18 and a 200-day moving average of $3.72.

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.