Short Interest in Cimpress plc (NASDAQ:CMPR) Decreases By 6.8%

Cimpress plc (NASDAQ:CMPR) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 1,500,000 shares, a decline of 6.8% from the December 15th total of 1,610,000 shares. Based on an average daily trading volume, of 137,500 shares, the days-to-cover ratio is currently 10.9 days. Currently, 7.0% of the shares of the stock are sold short.

Cimpress Trading Up 1.6 %

Shares of Cimpress stock traded up $1.17 during midday trading on Friday, reaching $73.81. The company had a trading volume of 129,935 shares, compared to its average volume of 127,828. The stock has a fifty day simple moving average of $76.64 and a 200 day simple moving average of $82.42. Cimpress has a 1-year low of $58.05 and a 1-year high of $104.92. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 0.62 and a beta of 2.09.

Cimpress (NASDAQ:CMPR) last released its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). Cimpress had a net margin of 4.69% and a negative return on equity of 27.15%. The firm had revenue of $804.97 million during the quarter, compared to analyst estimates of $800.51 million. During the same period last year, the business posted $0.17 earnings per share. Sell-side analysts expect that Cimpress will post 4.06 earnings per share for the current year.

Analyst Ratings Changes

CMPR has been the topic of several recent analyst reports. Truist Financial reduced their target price on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Barrington Research restated an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a research report on Friday, December 20th. Finally, StockNews.com lowered shares of Cimpress from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CMPR. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Cimpress by 5.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider’s stock worth $287,000 after buying an additional 169 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Cimpress by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock worth $1,797,000 after acquiring an additional 215 shares during the period. Rhumbline Advisers raised its position in shares of Cimpress by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock valued at $2,375,000 after acquiring an additional 308 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Cimpress by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock valued at $910,000 after acquiring an additional 334 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Cimpress in the 3rd quarter valued at $29,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

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.