CPS Technologies Corp. (NASDAQ:CPSH) Short Interest Up 99.7% in March

Key Points

• Short interest in CPS Technologies surged by 99.7% in March to 117,830 shares (about 0.8% of shares outstanding), with a days-to-cover ratio of 0.6 days.
• Analysts’ views are mixed but lean to a consensus Hold rating with an average target price of $6.00 after recent shifts (Weiss upgraded to Hold; Wall Street Zen cut from Buy to Hold).
• CPSH recently missed quarterly estimates (EPS $0.01 vs. $0.02 expected; revenue $8.21M vs. $9.46M) and trades around $4.00 with a market cap near $72M and a high P/E of ~133.

CPS Technologies Corp. (NASDAQ:CPSH - Get Free Report) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 117,830 shares, a growth of 99.7% from the February 26th total of 59,013 shares. Based on an average daily volume of 211,250 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.8% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CPSH shares. Weiss Ratings raised CPS Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday. Wall Street Zen cut CPS Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $6.00.

CPS Technologies Trading Up 2.6%

Shares of CPSH opened at $4.00 on Thursday. The business's 50 day moving average is $4.64 and its 200 day moving average is $3.93. CPS Technologies has a 12-month low of $1.40 and a 12-month high of $6.85. The company has a market capitalization of $72.04 million, a PE ratio of 133.38 and a beta of 1.31.

CPS Technologies (NASDAQ:CPSH - Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The electronics maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). CPS Technologies had a return on equity of 2.43% and a net margin of 1.29%.The business had revenue of $8.21 million during the quarter, compared to the consensus estimate of $9.46 million.

Institutional Trading of CPS Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of CPSH. XTX Topco Ltd bought a new stake in shares of CPS Technologies in the 4th quarter worth about $95,000. Polar Asset Management Partners Inc. acquired a new stake in shares of CPS Technologies during the fourth quarter worth about $1,022,000. MYDA Advisors LLC purchased a new stake in CPS Technologies in the fourth quarter valued at $865,000. Evernest Financial Advisors LLC acquired a new stake in CPS Technologies during the 4th quarter worth about $449,000. Finally, Kennedy Capital Management LLC acquired a new position in shares of CPS Technologies in the 4th quarter valued at about $588,000. 11.18% of the stock is currently owned by institutional investors.

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.

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