CPS Technologies Co. (NASDAQ:CPSH) Sees Large Growth in Short Interest

CPS Technologies Co. (NASDAQ:CPSH) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 251,300 shares, a growth of 142.8% from the October 15th total of 103,500 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 237,000 shares, the days-to-cover ratio is currently 1.1 days.

CPS Technologies Stock Performance

CPSH traded down $0.04 during midday trading on Thursday, hitting $1.40. The stock had a trading volume of 14,718 shares, compared to its average volume of 89,843. The company has a market cap of $20.34 million, a P/E ratio of -10.28 and a beta of 1.25. The business has a fifty day moving average of $1.43 and a 200 day moving average of $1.57. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on CPS Technologies in a report on Saturday, November 9th. They set a “hold” rating for the company.

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new stake in CPS Technologies Co. (NASDAQ:CPSH) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Company Profile

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.