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

Cimpress plc (NASDAQ:CMPR) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,620,000 shares, a growth of 7.3% from the January 15th total of 1,510,000 shares. Approximately 7.7% of the company’s shares are short sold. Based on an average trading volume of 153,700 shares, the days-to-cover ratio is presently 10.5 days.

Cimpress Price Performance

Shares of CMPR stock traded down $3.56 on Tuesday, reaching $50.29. 289,080 shares of the company were exchanged, compared to its average volume of 178,257. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.58 and a beta of 2.08. The company has a 50-day moving average of $69.12 and a 200-day moving average of $78.03. Cimpress has a one year low of $50.29 and a one year high of $104.92.

Cimpress (NASDAQ:CMPR) last posted its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share 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%. As a group, sell-side analysts predict that Cimpress will post 3.7 EPS for the current year.

Institutional Investors Weigh In On Cimpress

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Cimpress in the 3rd quarter worth about $29,000. CWM LLC raised its holdings in shares of Cimpress by 51.4% in the 3rd quarter. CWM LLC now owns 1,258 shares of the business services provider’s stock worth $103,000 after acquiring an additional 427 shares during the last quarter. Quarry LP acquired a new stake in shares of Cimpress in the 3rd quarter worth about $111,000. Point72 Asset Management L.P. purchased a new stake in Cimpress in the 3rd quarter valued at about $115,000. Finally, Meeder Asset Management Inc. purchased a new stake in Cimpress in the 3rd quarter valued at about $130,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.