CompoSecure, Inc. (NASDAQ:CMPO) Sees Large Growth in Short Interest

CompoSecure, Inc. (NASDAQ:CMPO) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,740,000 shares, an increase of 15.8% from the August 15th total of 3,230,000 shares. Based on an average daily volume of 159,400 shares, the days-to-cover ratio is presently 23.5 days. Currently, 23.7% of the company’s stock are short sold.

CompoSecure Stock Up 1.2 %

CMPO stock traded up $0.08 during mid-day trading on Tuesday, hitting $6.70. The company had a trading volume of 29,208 shares, compared to its average volume of 192,657. The company has a 50-day moving average price of $6.73 and a 200 day moving average price of $7.00. CompoSecure has a 12-month low of $4.26 and a 12-month high of $7.90. The company has a market capitalization of $529.30 million, a price-to-earnings ratio of 9.19 and a beta of 0.88.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Monday, August 14th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. CompoSecure had a negative return on equity of 9.06% and a net margin of 3.36%. The company had revenue of $98.53 million during the quarter, compared to analyst estimates of $100.25 million. As a group, analysts expect that CompoSecure will post 0.99 EPS for the current year.

Institutional Investors Weigh In On CompoSecure

Large investors have recently bought and sold shares of the business. Steamboat Capital Partners LLC purchased a new stake in shares of CompoSecure during the 1st quarter valued at about $8,832,000. Cannell Capital LLC purchased a new position in shares of CompoSecure in the 1st quarter worth approximately $6,182,000. Boston Partners increased its position in shares of CompoSecure by 972.3% during the 1st quarter. Boston Partners now owns 595,702 shares of the company’s stock valued at $4,384,000 after purchasing an additional 540,146 shares during the last quarter. BlackRock Inc. raised its holdings in CompoSecure by 72.4% during the 2nd quarter. BlackRock Inc. now owns 815,004 shares of the company’s stock valued at $5,591,000 after buying an additional 342,335 shares during the period. Finally, Prelude Capital Management LLC bought a new stake in CompoSecure in the first quarter worth $2,293,000. Institutional investors own 34.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of CompoSecure in a research report on Tuesday, August 15th. Berenberg Bank began coverage on CompoSecure in a report on Tuesday, June 13th. They set a “buy” rating and a $13.00 price target for the company. Compass Point dropped their price target on shares of CompoSecure from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, August 15th. Finally, JPMorgan Chase & Co. increased their target price on CompoSecure from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Tuesday, August 22nd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, CompoSecure has a consensus rating of “Buy” and a consensus price target of $11.60.

About CompoSecure

CompoSecure, Inc manufactures and designs metal, plastic, 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.