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

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

Hedge Funds Weigh In On CPS Technologies

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in CPS Technologies by 13.2% during the first quarter. Renaissance Technologies LLC now owns 248,958 shares of the electronics maker’s stock valued at $931,000 after buying an additional 29,100 shares during the period. Sei Investments Co. boosted its stake in shares of CPS Technologies by 54.1% during the 1st quarter. Sei Investments Co. now owns 186,790 shares of the electronics maker’s stock worth $699,000 after acquiring an additional 65,582 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CPS Technologies by 50.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,675 shares of the electronics maker’s stock worth $347,000 after acquiring an additional 31,209 shares in the last quarter. James Investment Research Inc. increased its stake in shares of CPS Technologies by 14.2% in the 1st quarter. James Investment Research Inc. now owns 41,072 shares of the electronics maker’s stock valued at $154,000 after purchasing an additional 5,120 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of CPS Technologies in the 4th quarter valued at about $95,000. 11.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

CPS Technologies Stock Performance

Shares of NASDAQ CPSH traded down $0.32 during trading on Friday, reaching $4.59. 371,339 shares of the company traded hands, compared to its average volume of 426,729. The firm’s fifty day simple moving average is $4.33 and its 200 day simple moving average is $4.13. CPS Technologies has a 12-month low of $1.85 and a 12-month high of $6.85.

CPS Technologies (NASDAQ:CPSH) last posted its earnings results on Monday, May 4th. The electronics maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). CPS Technologies had a return on equity of 0.16% and a net margin of 0.10%.The company had revenue of $7.03 million for the quarter, compared to analyst estimates of $8.63 million. On average, equities analysts forecast that CPS Technologies will post 0.04 earnings per share for the current 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.