CPS Technologies Corp. (NASDAQ:CPSH) Short Interest Update

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

Analysts Set New Price Targets

Several research firms have issued reports on CPSH. Zacks Research upgraded CPS Technologies to a “hold” rating in a research report on Friday, November 14th. Roth Capital began coverage on CPS Technologies in a report on Thursday, November 13th. They set a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised CPS Technologies from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.

CPS Technologies Stock Performance

Shares of CPSH stock opened at $5.43 on Friday. The company has a market capitalization of $97.63 million, a PE ratio of -135.75 and a beta of 1.26. CPS Technologies has a 52-week low of $1.40 and a 52-week high of $5.49. The business’s fifty day moving average is $3.44 and its 200 day moving average is $3.37.

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

Institutional Investors Weigh In On CPS Technologies

Several hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc increased its position 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 valued at $71,000 after purchasing an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in CPS Technologies by 81.2% in the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 11,808 shares during the period. GSA Capital Partners LLP bought a new stake in shares of CPS Technologies in the 3rd quarter worth approximately $69,000. Salvus Wealth Management LLC bought a new stake in CPS Technologies during the 4th quarter valued at about $85,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of CPS Technologies in the fourth quarter worth $94,000. 11.18% of the stock is currently owned by institutional investors.

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.