CPS Technologies Co. (NASDAQ:CPSH) Short Interest Down 49.2% in September

CPS Technologies Co. (NASDAQ:CPSH) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 15,700 shares, a drop of 49.2% from the August 30th total of 30,900 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.2% of the shares of the company are short sold.

CPSH traded up $0.05 during trading hours on Friday, hitting $1.05. 18,413 shares of the stock were exchanged, compared to its average volume of 5,574. The stock has a 50-day simple moving average of $1.02 and a 200-day simple moving average of $1.19. CPS Technologies has a 12 month low of $0.66 and a 12 month high of $1.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.30 and a current ratio of 2.14.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings data on Wednesday, July 31st. The electronics maker reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $6.37 million for the quarter. CPS Technologies had a negative return on equity of 53.81% and a negative net margin of 14.13%.

Separately, ValuEngine upgraded CPS Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 4th.

CPS Technologies Company Profile

CPS Technologies Corporation produces and sells advanced material solutions to the transportation, automotive, energy, computing/Internet, telecommunication, aerospace, defense, and oil and gas markets. Its products are used in applications that involve energy use or energy generation. The company primarily offers metal matrix composites that are a combination of metal and ceramic, such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; baseplates and housings for use in radar, satellite, and avionics applications, as well as in modules built with wide band gap semiconductors; and lids and heatspreaders used with integrated circuits for use in Internet switches and routers.

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