Cimpress plc (NASDAQ:CMPR) Short Interest Update

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

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cimpress by 54.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 26,420 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 9,324 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Cimpress in the third quarter valued at about $7,582,000. Diamond Hill Capital Management Inc. increased its stake in shares of Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock valued at $36,885,000 after buying an additional 26,727 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Cimpress by 9.1% in the fourth quarter. Hantz Financial Services Inc. now owns 159,000 shares of the business services provider’s stock valued at $11,403,000 after buying an additional 13,297 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Cimpress by 118.8% in the fourth quarter. SG Americas Securities LLC now owns 7,847 shares of the business services provider’s stock valued at $563,000 after buying an additional 4,261 shares during the period. Institutional investors and hedge funds own 77.64% of the company’s stock.

Cimpress Trading Down 6.6 %

CMPR traded down $3.56 on Tuesday, reaching $50.29. The stock had a trading volume of 289,080 shares, compared to its average volume of 178,257. Cimpress has a fifty-two week low of $50.29 and a fifty-two week high of $104.92. The firm has a 50-day moving average of $69.12 and a 200-day moving average of $78.03. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 0.58 and a beta of 2.08.

Cimpress (NASDAQ:CMPR) last issued its earnings results on Wednesday, January 29th. The business services provider reported $2.36 earnings per share (EPS) 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%. Sell-side analysts anticipate that Cimpress will post 3.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CMPR has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research report on Wednesday, January 29th. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 8th. Finally, Truist Financial dropped their price objective on Cimpress from $110.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, January 31st.

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.