CPS Technologies Corp. (NASDAQ:CPSH) Sees Significant Growth in Short Interest

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 832,617 shares, a growth of 167.1% from the April 30th total of 311,781 shares. Based on an average daily trading volume, of 540,162 shares, the days-to-cover ratio is presently 1.5 days. Currently, 5.3% of the company’s shares are short sold.

CPS Technologies Price Performance

Shares of CPSH stock traded down $2.08 during trading hours on Friday, reaching $9.02. The company had a trading volume of 5,010,052 shares, compared to its average volume of 2,899,031. CPS Technologies has a twelve month low of $2.10 and a twelve month high of $14.39. The stock’s fifty day simple moving average is $5.04 and its 200 day simple moving average is $4.38.

CPS Technologies (NASDAQ:CPSH) last posted its earnings results on Monday, May 4th. The electronics maker reported ($0.02) earnings per share (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 company had revenue of $7.03 million during the quarter, compared to analyst estimates of $8.63 million. On average, equities analysts predict that CPS Technologies will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CPSH has been the topic of several recent analyst reports. Wall Street Zen downgraded CPS Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research downgraded CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded CPS Technologies from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $6.00.

Institutional Investors Weigh In On CPS Technologies

Large investors have recently modified their holdings of the stock. Round Rock Advisors LLC grew its stake in shares of CPS Technologies by 316.7% in the fourth quarter. Round Rock Advisors LLC now owns 191,325 shares of the electronics maker’s stock valued at $591,000 after buying an additional 145,409 shares in the last quarter. Perkins Capital Management Inc. acquired a new stake in shares of CPS Technologies in the fourth quarter valued at about $624,000. Marshall Wace LLP grew its stake in shares of CPS Technologies by 199.4% in the fourth quarter. Marshall Wace LLP now owns 127,322 shares of the electronics maker’s stock valued at $393,000 after buying an additional 84,799 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CPS Technologies by 133.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,466 shares of the electronics maker’s stock valued at $190,000 after buying an additional 35,125 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of CPS Technologies by 60.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,311 shares of the electronics maker’s stock valued at $131,000 after buying an additional 15,934 shares in the last quarter. Institutional investors and hedge funds own 11.18% of the company’s stock.

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.