Short Interest in CPS Technologies Co. (NASDAQ:CPSH) Declines By 10.6%

CPS Technologies Co. (NASDAQ:CPSH) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 437,100 shares, a decline of 10.6% from the November 15th total of 488,800 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average daily volume of 240,100 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of CPS Technologies

An institutional investor recently bought a new position in CPS Technologies stock. Virtu Financial LLC acquired a new stake in CPS Technologies Co. (NASDAQ:CPSH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,266 shares of the electronics maker’s stock, valued at approximately $26,000. Virtu Financial LLC owned approximately 0.13% of CPS Technologies as of its most recent SEC filing. Institutional investors own 11.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of CPS Technologies in a research report on Wednesday, December 11th. They set a “hold” rating for the company.

CPS Technologies Stock Up 3.2 %

CPSH stock traded up $0.05 on Tuesday, reaching $1.63. 76,006 shares of the company’s stock were exchanged, compared to its average volume of 85,571. The stock has a fifty day moving average of $1.47 and a 200-day moving average of $1.53. The firm has a market cap of $23.68 million, a PE ratio of -11.50 and a beta of 1.22. CPS Technologies has a twelve month low of $1.27 and a twelve month high of $2.59.

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.