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

CPS Technologies Corp. (NASDAQ:CPSH) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 311,781 shares, a growth of 95.6% from the April 15th total of 159,426 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 295,661 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Zacks Research lowered CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Weiss Ratings cut shares of CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of CPS Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $6.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Round Rock Advisors LLC increased its position in CPS Technologies by 316.7% during the fourth quarter. Round Rock Advisors LLC now owns 191,325 shares of the electronics maker’s stock worth $591,000 after purchasing an additional 145,409 shares during the last quarter. Perkins Capital Management Inc. acquired a new stake in shares of CPS Technologies during the 4th quarter worth approximately $624,000. Aries Wealth Management purchased a new stake in shares of CPS Technologies during the 4th quarter valued at approximately $136,000. XTX Topco Ltd purchased a new stake in shares of CPS Technologies during the 4th quarter valued at approximately $95,000. Finally, Dimensional Fund Advisors LP lifted its holdings 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 valued at $94,000 after acquiring an additional 11,808 shares during the last quarter. Institutional investors and hedge funds own 11.18% of the company’s stock.

CPS Technologies Stock Performance

Shares of NASDAQ:CPSH traded down $0.32 during trading on Friday, reaching $4.59. The stock had a trading volume of 371,339 shares, compared to its average volume of 426,729. CPS Technologies has a 1-year low of $1.85 and a 1-year high of $6.85. The business has a fifty day moving average price of $4.33 and a 200-day moving average price of $4.13.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings data on Monday, May 4th. The electronics maker reported ($0.02) earnings per share 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 firm had revenue of $7.03 million during the quarter, compared to analysts’ expectations of $8.63 million. As a group, equities research analysts expect that CPS Technologies will post 0.04 earnings per share for the current fiscal year.

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.