CompoSecure, Inc. (NASDAQ:CMPO) Short Interest Up 15.2% in April

CompoSecure, Inc. (NASDAQ:CMPO) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 3,930,000 shares, a growth of 15.2% from the March 31st total of 3,410,000 shares. Based on an average daily trading volume, of 222,800 shares, the days-to-cover ratio is presently 17.6 days. Currently, 24.9% of the company’s shares are sold short.

Analyst Ratings Changes

CMPO has been the subject of a number of analyst reports. B. Riley increased their target price on shares of CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of CompoSecure in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and an average price target of $11.83.

CompoSecure Price Performance

CMPO traded up $0.05 on Monday, hitting $7.03. The company had a trading volume of 163,815 shares, compared to its average volume of 200,064. CompoSecure has a 52-week low of $4.61 and a 52-week high of $7.56. The stock has a fifty day simple moving average of $6.13 and a 200-day simple moving average of $5.66. The firm has a market capitalization of $566.13 million, a P/E ratio of 7.67 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last released its earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $99.90 million during the quarter, compared to analyst estimates of $95.86 million. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. Equities research analysts expect that CompoSecure will post 1.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CompoSecure

Several institutional investors and hedge funds have recently made changes to their positions in CMPO. Steamboat Capital Partners LLC lifted its stake in CompoSecure by 1.9% in the 3rd quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company’s stock worth $15,815,000 after purchasing an additional 45,501 shares in the last quarter. Cannell Capital LLC increased its holdings in shares of CompoSecure by 70.0% in the 3rd quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock worth $11,410,000 after buying an additional 728,424 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of CompoSecure by 69.2% in the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock worth $3,248,000 after buying an additional 246,094 shares during the last quarter. Grizzlyrock Capital LLC bought a new stake in shares of CompoSecure in the 4th quarter worth about $3,223,000. Finally, Potomac Capital Management Inc. increased its holdings in shares of CompoSecure by 169.0% in the 3rd quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock worth $2,843,000 after buying an additional 276,890 shares during the last quarter. Institutional investors own 37.56% of the company’s stock.

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.