CPS Technologies Corp. (NASDAQ:CPSH) Short Interest Up 85.0% in May

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,540,742 shares, a growth of 85.0% from the May 14th total of 832,617 shares. Currently, 9.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,240,714 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CPSH. Weiss Ratings raised shares of CPS Technologies from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Zacks Research downgraded shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPSH. Jane Street Group LLC purchased a new position in CPS Technologies during the second quarter valued at approximately $98,000. GSA Capital Partners LLP purchased a new position in CPS Technologies during the third quarter valued at approximately $69,000. Dimensional Fund Advisors LP grew its position in CPS Technologies by 81.2% during the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after purchasing an additional 11,808 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in CPS Technologies during the third quarter valued at approximately $789,000. Finally, IFP Advisors Inc grew its position in CPS Technologies by 33.3% during the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after purchasing an additional 5,000 shares in the last quarter. 11.18% of the stock is owned by hedge funds and other institutional investors.

CPS Technologies Price Performance

CPSH stock traded up $0.08 during mid-day trading on Tuesday, reaching $7.29. 1,162,568 shares of the stock traded hands, compared to its average volume of 1,096,120. CPS Technologies has a 52-week low of $2.10 and a 52-week high of $14.39. The stock’s fifty day moving average is $5.92 and its 200-day moving average is $4.74.

CPS Technologies (NASDAQ:CPSH) last posted its quarterly earnings data on Tuesday, May 5th. The electronics maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). CPS Technologies had a net margin of 0.10% and a return on equity of 0.16%. The firm had revenue of $7.03 million for the quarter, compared to analysts’ expectations of $8.63 million. On average, analysts forecast that CPS Technologies will post 0.04 earnings per share for the current year.

CPS Technologies Company Profile

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.