CPS Technologies Co. (NASDAQ:CPSH) Short Interest Update

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

Institutional Investors Weigh In On CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new position in shares of CPS Technologies Co. (NASDAQ:CPSH) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.11% of CPS Technologies as of its most recent filing with the Securities & Exchange Commission. 11.18% of the stock is currently owned by hedge funds and other institutional investors.

CPS Technologies Stock Performance

Shares of CPSH traded up $0.02 during trading hours on Friday, hitting $1.53. 10,648 shares of the stock were exchanged, compared to its average volume of 87,876. The stock’s 50-day moving average price is $1.45 and its two-hundred day moving average price is $1.55. The company has a market cap of $22.22 million, a price-to-earnings ratio of -10.93 and a beta of 1.25. CPS Technologies has a 12-month low of $1.27 and a 12-month high of $2.59.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on CPS Technologies in a research note on Monday, November 25th. They set a “hold” rating for the company.

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.