Cimpress plc (NASDAQ:CMPR) Sees Significant Growth in Short Interest

Cimpress plc (NASDAQ:CMPR) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,610,000 shares, an increase of 7.3% from the November 30th total of 1,500,000 shares. Based on an average daily trading volume, of 141,400 shares, the days-to-cover ratio is currently 11.4 days. Currently, 7.6% of the company’s stock are sold short.

Cimpress Trading Up 1.2 %

NASDAQ:CMPR traded up $0.83 during mid-day trading on Thursday, hitting $72.55. 3,449 shares of the company’s stock traded hands, compared to its average volume of 150,749. Cimpress has a 12 month low of $58.05 and a 12 month high of $104.92. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08. The firm has a 50 day moving average of $77.83 and a two-hundred day moving average of $83.61.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The company had revenue of $804.97 million for the quarter, compared to analyst estimates of $800.51 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. As a group, equities research analysts expect that Cimpress will post 4.27 earnings per share for the current year.

Hedge Funds Weigh In On Cimpress

Several large investors have recently added to or reduced their stakes in CMPR. Public Employees Retirement System of Ohio acquired a new position in shares of Cimpress in the third quarter valued at $29,000. CWM LLC lifted its holdings in shares of Cimpress by 51.4% during the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after acquiring an additional 427 shares during the period. Quarry LP bought a new stake in Cimpress in the third quarter valued at about $111,000. Point72 Asset Management L.P. bought a new position in Cimpress during the third quarter worth about $115,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Cimpress in the 3rd quarter worth approximately $130,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMPR. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barrington Research reissued an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a report on Friday, December 20th. Finally, Truist Financial reduced their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Cimpress Company Profile

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.