Short Interest in CPS Technologies Corp. (NASDAQ:CPSH) Declines By 27.6%

CPS Technologies Corp. (NASDAQ:CPSH) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 54,210 shares, a decline of 27.6% from the December 15th total of 74,859 shares. Based on an average daily trading volume, of 82,663 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 82,663 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently modified their holdings of CPSH. CIBC Bancorp USA Inc. purchased a new position in CPS Technologies during the third quarter worth approximately $789,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of CPS Technologies during the 4th quarter worth approximately $94,000. IFP Advisors Inc raised its stake in shares of CPS Technologies by 33.3% during the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after buying an additional 5,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of CPS Technologies by 81.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock valued at $94,000 after buying an additional 11,808 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in CPS Technologies in the 2nd quarter valued at $98,000. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Stock Up 12.9%

Shares of NASDAQ:CPSH traded up $0.62 during trading on Monday, hitting $5.43. 998,657 shares of the stock traded hands, compared to its average volume of 207,088. The company has a fifty day moving average price of $3.44 and a two-hundred day moving average price of $3.38. CPS Technologies has a 52-week low of $1.40 and a 52-week high of $5.49. The company has a market cap of $97.63 million, a price-to-earnings ratio of -135.75 and a beta of 1.26.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Friday, October 31st. The electronics maker reported $0.01 earnings per share (EPS) for the quarter. CPS Technologies had a negative net margin of 1.94% and a negative return on equity of 3.96%. The firm had revenue of $8.80 million for the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CPSH shares. Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, October 8th. Wall Street Zen raised CPS Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Roth Capital initiated coverage on CPS Technologies in a report on Thursday, November 13th. They set a “buy” rating and a $6.00 target price for the company. Finally, Zacks Research upgraded CPS Technologies to a “hold” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CPS Technologies currently 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.