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

CPS Technologies Corp. (NASDAQ:CPSH) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 30,961 shares, a decline of 77.1% from the January 29th total of 135,239 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 236,057 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 236,057 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

CPSH has been the topic of a number of recent analyst reports. Zacks Research raised shares of CPS Technologies to a “hold” rating in a research note on Friday, November 14th. Wall Street Zen raised CPS Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Roth Mkm initiated coverage on CPS Technologies in a report on Thursday, November 13th. They set a “buy” rating and a $6.00 price target for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of CPS Technologies in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CPS Technologies has a consensus rating of “Hold” and an average target price of $6.00.

Institutional Trading of CPS Technologies

Several institutional investors have recently modified their holdings of CPSH. GSA Capital Partners LLP acquired a new stake in CPS Technologies in the third quarter valued at $69,000. IFP Advisors Inc grew its position in shares of CPS Technologies by 33.3% in the 3rd quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock valued at $71,000 after buying an additional 5,000 shares during the last quarter. Jane Street Group LLC increased its stake in shares of CPS Technologies by 122.5% in the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock valued at $83,000 after buying an additional 14,822 shares during the period. Salvus Wealth Management LLC bought a new position in shares of CPS Technologies during the fourth quarter worth about $85,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of CPS Technologies in the fourth quarter worth approximately $94,000. Institutional investors own 11.18% of the company’s stock.

CPS Technologies Stock Up 3.7%

Shares of CPSH stock opened at $4.47 on Thursday. The stock’s fifty day simple moving average is $4.42 and its 200 day simple moving average is $3.84. CPS Technologies has a twelve month low of $1.40 and a twelve month high of $6.85. The firm has a market capitalization of $80.37 million, a P/E ratio of -111.75 and a beta of 1.55.

CPS Technologies Company Profile

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.