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

CPS Technologies Co. (NASDAQ:CPSH) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 79,100 shares, a decrease of 15.1% from the July 15th total of 93,200 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 21,100 shares, the short-interest ratio is presently 3.7 days.

Hedge Funds Weigh In On 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) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.11% of CPS Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Stock Down 4.0 %

CPS Technologies stock traded down $0.06 during trading hours on Friday, hitting $1.42. The stock had a trading volume of 59,347 shares, compared to its average volume of 28,353. The stock has a market cap of $20.62 million, a price-to-earnings ratio of 28.40 and a beta of 1.28. The business’s 50 day simple moving average is $1.66 and its 200-day simple moving average is $1.85. CPS Technologies has a one year low of $1.30 and a one year high of $3.08.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of CPS Technologies in a report on Tuesday, August 13th. They set a “hold” rating for the company.

CPS Technologies Company Profile

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.