Cimpress plc (NASDAQ:CMPR) Short Interest Up 7.3% in January

Cimpress plc (NASDAQ:CMPR) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 1,620,000 shares, an increase of 7.3% from the January 15th total of 1,510,000 shares. Approximately 7.7% of the shares of the company are sold short. Based on an average daily trading volume, of 153,700 shares, the short-interest ratio is currently 10.5 days.

Institutional Trading of Cimpress

Several hedge funds have recently modified their holdings of CMPR. ArrowMark Colorado Holdings LLC raised its holdings in shares of Cimpress by 30.0% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 884,076 shares of the business services provider’s stock worth $63,406,000 after acquiring an additional 203,806 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Cimpress by 6.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,041,361 shares of the business services provider’s stock worth $218,126,000 after acquiring an additional 194,034 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Cimpress by 31.5% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 592,195 shares of the business services provider’s stock worth $42,472,000 after acquiring an additional 141,942 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Cimpress during the 3rd quarter worth approximately $7,582,000. Finally, Millennium Management LLC raised its holdings in shares of Cimpress by 331.9% during the 4th quarter. Millennium Management LLC now owns 110,872 shares of the business services provider’s stock worth $7,952,000 after acquiring an additional 85,201 shares in the last quarter. 77.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMPR has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research report on Wednesday, January 29th. StockNews.com raised Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Finally, Truist Financial lowered their price target on Cimpress from $110.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, January 31st.

Cimpress Stock Down 6.6 %

NASDAQ CMPR traded down $3.56 during trading hours on Tuesday, reaching $50.29. The company’s stock had a trading volume of 289,080 shares, compared to its average volume of 178,257. The firm’s 50-day moving average price is $69.12 and its 200-day moving average price is $78.03. Cimpress has a 1 year low of $50.29 and a 1 year high of $104.92. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.58 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $2.52 by ($0.16). Cimpress had a negative return on equity of 27.64% and a net margin of 4.75%. Equities research analysts anticipate that Cimpress will post 3.7 EPS for the current fiscal year.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.