CompoSecure, Inc. (NASDAQ:CMPO) Sees Large Growth in Short Interest

CompoSecure, Inc. (NASDAQ:CMPO) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 3,930,000 shares, an increase of 15.2% from the March 31st total of 3,410,000 shares. Based on an average daily volume of 222,800 shares, the short-interest ratio is currently 17.6 days. Currently, 24.9% of the shares of the stock are sold short.

Institutional Trading of CompoSecure

Institutional investors have recently made changes to their positions in the stock. AE Wealth Management LLC bought a new position in CompoSecure during the third quarter valued at approximately $74,000. Allspring Global Investments Holdings LLC raised its position in CompoSecure by 67.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after acquiring an additional 10,259 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in CompoSecure during the third quarter valued at approximately $150,000. Steamboat Capital Partners LLC raised its position in CompoSecure by 1.9% during the third quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company’s stock valued at $15,815,000 after acquiring an additional 45,501 shares in the last quarter. Finally, B. Riley Asset Management LLC raised its position in CompoSecure by 264.9% during the third quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock valued at $1,606,000 after acquiring an additional 180,705 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors and hedge funds.

CompoSecure Price Performance

Shares of CMPO opened at $6.88 on Wednesday. The stock has a market cap of $554.05 million, a price-to-earnings ratio of 7.64 and a beta of 0.72. The company has a 50-day moving average of $6.21 and a two-hundred day moving average of $5.67. CompoSecure has a one year low of $4.61 and a one year high of $7.56.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $99.90 million during the quarter, compared to analysts’ expectations of $95.86 million. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. Analysts anticipate that CompoSecure will post 1.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. B. Riley raised their price objective on shares of CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of CompoSecure in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.83.

CompoSecure Company Profile

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.