CPS Technologies Co. (NASDAQ:CPSH) Sees Significant Increase in Short Interest

CPS Technologies Co. (NASDAQ:CPSH) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 251,300 shares, a growth of 142.8% from the October 15th total of 103,500 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily volume of 237,000 shares, the short-interest ratio is currently 1.1 days.

CPS Technologies Trading Up 0.7 %

NASDAQ:CPSH traded up $0.01 during midday trading on Friday, reaching $1.41. 22,796 shares of the stock traded hands, compared to its average volume of 89,541. The company has a fifty day moving average of $1.43 and a 200 day moving average of $1.57. CPS Technologies has a 12 month low of $1.27 and a 12 month high of $2.59.

Analyst Ratings Changes

Separately, StockNews.com began coverage on CPS Technologies in a research report on Saturday, November 9th. They set a “hold” rating on the stock.

Institutional Trading of CPS Technologies

A hedge fund recently bought a new stake in CPS Technologies stock. Virtu Financial LLC acquired a new position in CPS Technologies Co. (NASDAQ:CPSH) during the first quarter, according to its most recent filing with the SEC. The firm acquired 15,321 shares of the electronics maker’s stock, valued at approximately $28,000. Virtu Financial LLC owned about 0.11% of CPS Technologies as of its most recent filing with the SEC. Institutional investors own 11.18% of the company’s stock.

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.