CPS Technologies Co. (NASDAQ:CPSH) Sees Significant Increase in Short Interest

CPS Technologies Co. (NASDAQ:CPSH) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 488,800 shares, a growth of 94.5% from the October 31st total of 251,300 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 238,000 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC purchased a new stake in shares of CPS Technologies Co. (NASDAQ:CPSH) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies at the end of the most recent quarter. 11.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

CPS Technologies Stock Up 2.7 %

Shares of CPSH traded up $0.04 during midday trading on Thursday, hitting $1.51. The company’s stock had a trading volume of 29,327 shares, compared to its average volume of 88,211. CPS Technologies has a one year low of $1.27 and a one year high of $2.59. The stock has a market capitalization of $21.94 million, a price-to-earnings ratio of -10.78 and a beta of 1.25. The company’s fifty day simple moving average is $1.44 and its two-hundred day simple moving average is $1.55.

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.