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

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 832,617 shares, a growth of 167.1% from the April 30th total of 311,781 shares. Approximately 5.3% of the company’s stock are short sold. Based on an average daily volume of 540,162 shares, the short-interest ratio is currently 1.5 days.

CPS Technologies Trading Down 18.7%

NASDAQ:CPSH traded down $2.08 during trading hours on Friday, reaching $9.02. 5,010,052 shares of the stock were exchanged, compared to its average volume of 2,899,031. The firm has a 50 day simple moving average of $5.04 and a 200-day simple moving average of $4.38. CPS Technologies has a 52 week low of $2.10 and a 52 week high of $14.39.

CPS Technologies (NASDAQ:CPSH) last released its earnings results on Monday, May 4th. The electronics maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%.The firm had revenue of $7.03 million for the quarter, compared to the consensus estimate of $8.63 million. On average, analysts predict that CPS Technologies will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

CPSH has been the subject of a number of analyst reports. Weiss Ratings downgraded CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Wall Street Zen downgraded CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded CPS Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, CPS Technologies has a consensus rating of “Reduce” and an average price target of $6.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Round Rock Advisors LLC lifted its holdings in CPS Technologies by 316.7% during the 4th quarter. Round Rock Advisors LLC now owns 191,325 shares of the electronics maker’s stock worth $591,000 after buying an additional 145,409 shares during the last quarter. Perkins Capital Management Inc. bought a new position in CPS Technologies during the 4th quarter worth approximately $624,000. Aries Wealth Management bought a new position in CPS Technologies during the 4th quarter worth approximately $136,000. Sei Investments Co. lifted its holdings in CPS Technologies by 54.1% during the 1st quarter. Sei Investments Co. now owns 186,790 shares of the electronics maker’s stock worth $699,000 after buying an additional 65,582 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in CPS Technologies by 14.2% during the 1st quarter. NewEdge Advisors LLC now owns 41,072 shares of the electronics maker’s stock worth $154,000 after buying an additional 5,120 shares during the last quarter. Institutional investors own 11.18% of the company’s stock.

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.