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

CompoSecure, Inc. (NASDAQ:CMPO) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,410,000 shares, an increase of 15.2% from the March 15th total of 2,960,000 shares. Based on an average trading volume of 215,900 shares, the days-to-cover ratio is currently 15.8 days. Currently, 22.2% of the company’s shares are short sold.

Institutional Investors Weigh In On CompoSecure

A number of large investors have recently added to or reduced their stakes in CMPO. Quarry LP purchased a new position in shares of CompoSecure during the second quarter valued at approximately $28,000. Tower Research Capital LLC TRC boosted its position in shares of CompoSecure by 485.3% during the third quarter. Tower Research Capital LLC TRC now owns 6,591 shares of the company’s stock valued at $33,000 after buying an additional 5,465 shares during the last quarter. Citigroup Inc. purchased a new position in shares of CompoSecure during the second quarter valued at approximately $34,000. Deutsche Bank AG boosted its position in shares of CompoSecure by 53.9% during the first quarter. Deutsche Bank AG now owns 4,952 shares of the company’s stock valued at $36,000 after buying an additional 1,735 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of CompoSecure by 120.6% during the first quarter. Royal Bank of Canada now owns 4,854 shares of the company’s stock valued at $37,000 after buying an additional 2,654 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

CompoSecure Stock Down 1.8 %

Shares of NASDAQ CMPO traded down $0.12 during trading hours on Tuesday, hitting $6.55. The company had a trading volume of 231,144 shares, compared to its average volume of 207,544. The stock has a market capitalization of $527.47 million, a P/E ratio of 7.20 and a beta of 0.72. CompoSecure has a 1-year low of $4.61 and a 1-year high of $7.90. The firm’s 50 day moving average is $5.87 and its 200-day moving average is $5.64.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $99.90 million during the quarter, compared to the consensus estimate of $95.86 million. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. On average, sell-side analysts predict that CompoSecure will post 1.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CMPO shares. Benchmark increased their target price on CompoSecure from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. B. Riley increased their target price on CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. downgraded CompoSecure from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $7.00 to $6.00 in a research report on Monday, December 18th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, CompoSecure presently has an average rating of “Moderate Buy” and a consensus price target of $11.83.

About CompoSecure

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.