CPS Technologies Corp. (NASDAQ:CPSH) Short Interest Up 95.6% in April

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 311,781 shares, a growth of 95.6% from the April 15th total of 159,426 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average trading volume of 295,661 shares, the days-to-cover ratio is presently 1.1 days.

CPS Technologies Price Performance

Shares of NASDAQ CPSH opened at $5.35 on Tuesday. The company’s fifty day moving average price is $4.36 and its 200 day moving average price is $4.14. CPS Technologies has a 1 year low of $1.88 and a 1 year high of $6.85.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Monday, May 4th. The electronics maker reported ($0.02) earnings per share (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 analysts’ expectations of $8.63 million. As a group, analysts anticipate that CPS Technologies will post 0.04 earnings per share for the current year.

Institutional Trading of CPS Technologies

A number of hedge funds have recently added to or reduced their stakes in CPSH. GSA Capital Partners LLP purchased a new position in CPS Technologies during the third quarter valued at $69,000. IFP Advisors Inc lifted its holdings in CPS Technologies by 33.3% during the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after purchasing an additional 5,000 shares in the last quarter. Jane Street Group LLC lifted its holdings in CPS Technologies by 122.5% during the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock valued at $83,000 after purchasing an additional 14,822 shares in the last quarter. Salvus Wealth Management LLC purchased a new position in CPS Technologies during the fourth quarter valued at $85,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in CPS Technologies during the fourth quarter valued at $94,000. 11.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on CPSH shares. Wall Street Zen lowered shares of CPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, CPS Technologies presently has an average rating of “Reduce” and a consensus target price of $6.00.

About CPS Technologies

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.