CPS Technologies Corp. (NASDAQ:CPSH) Short Interest Update

Key Points

• CPS Technologies Corp. experienced a significant increase in short interest, rising by 140.5% in September to a total of 74,300 shares.
• The company's stock is currently valued at $3.70, down 7.5%, with a market cap of $66.53 million and a negative P/E ratio of -30.83.
• Insider buying was notable, with two directors purchasing a total of 43,333 shares at an average price of $3.00 per share, indicating confidence in the company's future.

CPS Technologies Corp. (NASDAQ:CPSH - Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 74,300 shares, a growth of 140.5% from the September 15th total of 30,900 shares. Approximately 0.7% of the company's stock are short sold. Based on an average daily volume of 193,700 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 193,700 shares, the short-interest ratio is currently 0.4 days. Approximately 0.7% of the company's stock are short sold.

CPS Technologies Trading Down 7.5%

CPS Technologies stock opened at $3.70 on Friday. CPS Technologies has a 12 month low of $1.39 and a 12 month high of $4.89. The business's 50 day simple moving average is $3.57 and its 200 day simple moving average is $2.74. The company has a market cap of $66.53 million, a price-to-earnings ratio of -30.83 and a beta of 1.61.

CPS Technologies (NASDAQ:CPSH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The electronics maker reported $0.01 EPS for the quarter. CPS Technologies had a negative return on equity of 12.35% and a negative net margin of 7.13%.The business had revenue of $8.08 million for the quarter.

Wall Street Analyst Weigh In

CPSH has been the topic of a number of research analyst reports. Wall Street Zen upgraded CPS Technologies to a "hold" rating in a research note on Saturday, July 12th. Weiss Ratings restated a "sell (d-)" rating on shares of CPS Technologies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, CPS Technologies presently has a consensus rating of "Sell".

Insider Buying and Selling at CPS Technologies

In related news, Director Francis J. Hughes, Jr. purchased 18,333 shares of the business's stock in a transaction on Wednesday, October 8th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $54,999.00. Following the purchase, the director owned 438,009 shares of the company's stock, valued at approximately $1,314,027. This trade represents a 4.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ivo James Cavoli purchased 25,000 shares of the business's stock in a transaction on Wednesday, October 8th. The shares were bought at an average price of $3.00 per share, with a total value of $75,000.00. Following the purchase, the director directly owned 49,185 shares in the company, valued at approximately $147,555. The trade was a 103.37% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 78,091 shares of company stock worth $232,281. Insiders own 15.60% of the company's stock.

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. XTX Topco Ltd acquired a new stake in CPS Technologies Corp. (NASDAQ:CPSH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,327 shares of the electronics maker's stock, valued at approximately $32,000. XTX Topco Ltd owned about 0.14% of CPS Technologies at the end of the most recent quarter. Institutional investors own 11.18% of the company's stock.

About CPS Technologies

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; hermetic packages for use in radar, satellite, and avionics applications; baseplates and housings used in modules built with wide band gap semiconductors; and lids and heat spreaders for use in internet switches and routers.

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