Short Interest in CPS Technologies Corp. (NASDAQ:CPSH) Decreases By 77.1%

CPS Technologies Corp. (NASDAQ:CPSH) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 30,961 shares, a drop of 77.1% from the January 29th total of 135,239 shares. Based on an average trading volume of 236,057 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 236,057 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of CPS Technologies

Several hedge funds have recently modified their holdings of CPSH. Polar Asset Management Partners Inc. acquired a new position in shares of CPS Technologies in the 4th quarter worth approximately $1,022,000. MYDA Advisors LLC bought a new stake in shares of CPS Technologies during the fourth quarter worth $865,000. CIBC Bancorp USA Inc. acquired a new stake in shares of CPS Technologies in the third quarter valued at $789,000. Renaissance Technologies LLC increased its stake in shares of CPS Technologies by 115.3% in the fourth quarter. Renaissance Technologies LLC now owns 219,858 shares of the electronics maker’s stock valued at $679,000 after buying an additional 117,746 shares in the last quarter. Finally, Perkins Capital Management Inc. bought a new position in shares of CPS Technologies in the fourth quarter valued at about $624,000. Institutional investors and hedge funds own 11.18% of the company’s stock.

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH traded up $0.01 on Friday, hitting $4.48. The stock had a trading volume of 113,179 shares, compared to its average volume of 223,585. The firm’s 50 day moving average price is $4.47 and its 200-day moving average price is $3.85. CPS Technologies has a twelve month low of $1.40 and a twelve month high of $6.85. The company has a market capitalization of $80.55 million, a price-to-earnings ratio of -112.00 and a beta of 1.55.

Analyst Ratings Changes

A number of research analysts recently commented on CPSH shares. Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, January 21st. Roth Mkm started coverage on shares of CPS Technologies in a research note on Thursday, November 13th. They issued a “buy” rating and a $6.00 price objective for the company. Wall Street Zen raised shares of CPS Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Zacks Research upgraded shares of CPS Technologies to a “hold” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.00.

About CPS Technologies

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.