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

CPS Technologies Co. (NASDAQ:CPSH) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 488,800 shares, a growth of 94.5% from the October 31st total of 251,300 shares. Based on an average trading volume of 238,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 4.3% of the company’s shares are short sold.

CPS Technologies Stock Up 2.7 %

CPSH traded up $0.04 during midday trading on Thursday, hitting $1.51. 29,327 shares of the company were exchanged, compared to its average volume of 88,211. The firm’s 50 day moving average price is $1.44 and its 200-day moving average price is $1.55. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.59. The firm has a market capitalization of $21.94 million, a P/E ratio of -10.78 and a beta of 1.25.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of CPS Technologies in a research note on Monday. They set a “hold” rating for the company.

Hedge Funds Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new position in CPS Technologies Co. (NASDAQ:CPSH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned 0.13% of CPS Technologies as of its most recent filing with the Securities and Exchange Commission. 11.18% of the stock is currently owned by institutional investors.

About CPS Technologies

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; hermetic packages for use in radar, satellite, and avionics applications; baseplates and housings used in modules built with wide band gap semiconductors; and lids and heat spreaders for use in internet switches and routers.