Short Interest in CPS Technologies Corp. (NASDAQ:CPSH) Decreases By 35.6%

CPS Technologies Corp. (NASDAQ:CPSH) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 75,867 shares, a decrease of 35.6% from the March 15th total of 117,830 shares. Based on an average daily trading volume, of 127,616 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On CPS Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in CPS Technologies by 33.3% during the third quarter. IFP Advisors Inc now owns 20,000 shares of the electronics maker’s stock worth $71,000 after acquiring an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in CPS Technologies by 81.2% during the third quarter. Dimensional Fund Advisors LP now owns 26,341 shares of the electronics maker’s stock worth $94,000 after acquiring an additional 11,808 shares during the last quarter. State Street Corp increased its stake in CPS Technologies by 36.3% during the fourth quarter. State Street Corp now owns 48,708 shares of the electronics maker’s stock worth $151,000 after acquiring an additional 12,984 shares during the last quarter. Geode Capital Management LLC increased its stake in CPS Technologies by 11.1% during the fourth quarter. Geode Capital Management LLC now owns 145,827 shares of the electronics maker’s stock worth $451,000 after acquiring an additional 14,588 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in CPS Technologies by 122.5% during the fourth quarter. Jane Street Group LLC now owns 26,917 shares of the electronics maker’s stock worth $83,000 after acquiring an additional 14,822 shares during the last quarter. 11.18% of the stock is currently owned by institutional investors and hedge funds.

CPS Technologies Trading Up 0.3%

NASDAQ:CPSH traded up $0.02 on Tuesday, hitting $4.94. 88,580 shares of the stock were exchanged, compared to its average volume of 301,921. The stock has a market cap of $88.86 million, a PE ratio of 164.59 and a beta of 1.46. The stock has a fifty day moving average of $4.29 and a 200-day moving average of $4.00. CPS Technologies has a fifty-two week low of $1.43 and a fifty-two week high of $6.85.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Tuesday, March 3rd. The electronics maker reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $8.21 million for the quarter, compared to analyst estimates of $9.46 million. CPS Technologies had a return on equity of 2.43% and a net margin of 1.29%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CPSH shares. Weiss Ratings downgraded CPS Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Wall Street Zen downgraded CPS Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.00.

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.