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

Key Points

• CompoSecure, Inc. saw a significant decline in short interest, dropping by 76.6% from 12,480,000 shares to 2,920,000 shares as of August 31st, with approximately 6.7% of its shares sold short.
• The company's stock currently has a market cap of $1.97 billion and is trading at $19.22, with a fifty-two week range between $9.24 and $20.14.
• Recent analyst reports have set a consensus price target of $17.67 for CompoSecure, with five analysts rating it as a "Buy" and one as a "Sell".

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 2,920,000 shares, a drop of 76.6% from the August 15th total of 12,480,000 shares. Currently, 6.7% of the shares of the stock are short sold. Based on an average daily volume of 899,600 shares, the days-to-cover ratio is presently 3.2 days. Based on an average daily volume of 899,600 shares, the days-to-cover ratio is presently 3.2 days. Currently, 6.7% of the shares of the stock are short sold.

CompoSecure Stock Up 0.5%

Shares of CMPO traded up $0.09 during mid-day trading on Wednesday, reaching $19.50. 165,447 shares of the stock traded hands, compared to its average volume of 950,833. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -11.62 and a beta of 0.97. The stock has a fifty day simple moving average of $17.02 and a 200 day simple moving average of $13.84. CompoSecure has a 12-month low of $9.24 and a 12-month high of $20.14.

Insider Activity at CompoSecure

In related news, Director Kevin M. Moriarty purchased 13,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average price of $19.28 per share, for a total transaction of $250,640.00. Following the acquisition, the director directly owned 13,000 shares of the company's stock, valued at $250,640. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gregoire Maes sold 97,226 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the completion of the sale, the chief operating officer directly owned 779,062 shares in the company, valued at approximately $15,082,640.32. The trade was a 11.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 217,125 shares of company stock worth $4,139,550. 52.10% of the stock is owned by company insiders.

Institutional Trading of CompoSecure

A number of hedge funds have recently made changes to their positions in CMPO. Price T Rowe Associates Inc. MD purchased a new stake in shares of CompoSecure during the fourth quarter valued at approximately $156,000. Northern Trust Corp grew its position in shares of CompoSecure by 14.1% during the fourth quarter. Northern Trust Corp now owns 242,854 shares of the company's stock worth $3,723,000 after buying an additional 30,086 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of CompoSecure in the fourth quarter worth $293,000. Ameriprise Financial Inc. increased its stake in shares of CompoSecure by 1.9% in the fourth quarter. Ameriprise Financial Inc. now owns 133,399 shares of the company's stock worth $2,045,000 after buying an additional 2,521 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of CompoSecure in the fourth quarter worth $2,750,000. Hedge funds and other institutional investors own 37.56% of the company's stock.

Analysts Set New Price Targets

CMPO has been the topic of a number of research reports. B. Riley reissued a "buy" rating and issued a $23.00 price objective (up from $17.00) on shares of CompoSecure in a research note on Monday, August 18th. Benchmark increased their price objective on shares of CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $16.00 price target on shares of CompoSecure in a research note on Wednesday, August 20th. Finally, Wall Street Zen cut shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.67.

CompoSecure Company Profile

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.