CPS Technologies Corp. (NASDAQ:CPSH) Short Interest Up 85.0% in May

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,540,742 shares, a growth of 85.0% from the May 14th total of 832,617 shares. Based on an average trading volume of 6,240,714 shares, the short-interest ratio is presently 0.2 days. Approximately 9.8% of the shares of the company are short sold.

CPS Technologies Price Performance

CPS Technologies stock opened at $7.29 on Wednesday. The firm has a 50 day moving average price of $5.98 and a 200-day moving average price of $4.76. CPS Technologies has a twelve month low of $2.10 and a twelve month high of $14.39.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Tuesday, May 5th. The electronics maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The business had revenue of $7.03 million for the quarter, compared to analysts’ expectations of $8.63 million. CPS Technologies had a net margin of 0.10% and a return on equity of 0.16%. On average, research analysts predict that CPS Technologies will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CPSH. Weiss Ratings raised shares of CPS Technologies from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Zacks Research downgraded shares of CPS Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded shares of CPS Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CPS Technologies presently has an average rating of “Hold” and a consensus price target of $6.00.

Institutional Trading of CPS Technologies

A number of institutional investors have recently modified their holdings of CPSH. Polar Asset Management Partners Inc. purchased a new stake in shares of CPS Technologies during the 4th quarter valued at approximately $1,022,000. MYDA Advisors LLC purchased a new stake in shares of CPS Technologies during the 4th quarter valued at approximately $865,000. CIBC Bancorp USA Inc. purchased a new stake in CPS Technologies in the 3rd quarter worth approximately $789,000. Perkins Capital Management Inc. purchased a new stake in CPS Technologies in the 4th quarter worth approximately $624,000. Finally, Kennedy Capital Management LLC bought a new position in CPS Technologies in the 4th quarter valued at $588,000. 11.18% of the stock is currently owned by hedge funds and other institutional investors.

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.