Short Interest in CPS Technologies Co. (NASDAQ:CPSH) Drops By 19.2%

CPS Technologies Co. (NASDAQ:CPSH) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 203,800 shares, a drop of 19.2% from the February 13th total of 252,200 shares. Based on an average daily volume of 67,800 shares, the short-interest ratio is currently 3.0 days. Approximately 1.8% of the shares of the company are short sold.

CPS Technologies Price Performance

Shares of CPS Technologies stock opened at $1.52 on Tuesday. The business’s fifty day moving average price is $1.72 and its two-hundred day moving average price is $1.56. The company has a market capitalization of $22.08 million, a P/E ratio of -10.86 and a beta of 1.32. CPS Technologies has a 1-year low of $1.27 and a 1-year high of $2.46.

CPS Technologies (NASDAQ:CPSH) last announced its earnings results on Wednesday, March 12th. The electronics maker reported ($0.07) earnings per share for the quarter. CPS Technologies had a negative net margin of 9.12% and a negative return on equity of 12.02%. The firm had revenue of $5.93 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on CPS Technologies in a research note on Monday. They set a “hold” rating on the stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in CPS Technologies during the third quarter valued at about $26,000. Citadel Advisors LLC boosted its stake in CPS Technologies by 18.3% during the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after buying an additional 5,751 shares in the last quarter. Renaissance Technologies LLC boosted its stake in CPS Technologies by 8.6% during the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock valued at $140,000 after buying an additional 6,865 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of CPS Technologies by 13.2% in the 4th quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock valued at $178,000 after purchasing an additional 12,903 shares during the period. Institutional investors own 11.18% of the company’s stock.

About CPS Technologies

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.