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

CPS Technologies Co. (NASDAQ:CPSH) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 243,000 shares, a drop of 14.3% from the January 15th total of 283,500 shares. Based on an average trading volume of 50,300 shares, the days-to-cover ratio is presently 4.8 days. Currently, 2.2% of the company’s shares are short sold.

Hedge Funds Weigh In On CPS Technologies

A number of hedge funds have recently made changes to their positions in CPSH. Virtu Financial LLC acquired a new stake in CPS Technologies in the 3rd quarter valued at $26,000. Geode Capital Management LLC boosted its position in shares of CPS Technologies by 13.2% in the fourth quarter. Geode Capital Management LLC now owns 110,786 shares of the electronics maker’s stock worth $178,000 after buying an additional 12,903 shares during the period. Renaissance Technologies LLC boosted its position in shares of CPS Technologies by 8.6% in the fourth quarter. Renaissance Technologies LLC now owns 86,923 shares of the electronics maker’s stock worth $140,000 after buying an additional 6,865 shares during the period. Finally, Citadel Advisors LLC grew its stake in shares of CPS Technologies by 18.3% in the fourth quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker’s stock valued at $60,000 after buying an additional 5,751 shares in the last quarter. Hedge funds and other institutional investors own 11.18% of the company’s stock.

CPS Technologies Stock Performance

CPSH opened at $1.92 on Tuesday. The company has a market cap of $27.90 million, a PE ratio of -13.71 and a beta of 1.25. CPS Technologies has a 1 year low of $1.27 and a 1 year high of $2.54. The firm has a 50 day moving average price of $1.74 and a 200 day moving average price of $1.54.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on CPS Technologies in a research note on Thursday, February 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.