Short Interest in CPS Technologies Co. (NASDAQ:CPSH) Drops By 65.2%

CPS Technologies Co. (NASDAQ:CPSH) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 2,400 shares, a decline of 65.2% from the May 30th total of 6,900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 17,600 shares, the days-to-cover ratio is presently 0.1 days.

Separately, ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd.

Shares of CPSH traded up $0.02 during midday trading on Friday, hitting $1.02. 2,976 shares of the stock traded hands, compared to its average volume of 14,148. CPS Technologies has a 1-year low of $0.66 and a 1-year high of $1.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.16 and a current ratio of 2.14. The company’s 50 day simple moving average is $1.13.

CPS Technologies (NASDAQ:CPSH) last announced its quarterly earnings results on Wednesday, May 1st. The electronics maker reported ($0.06) earnings per share (EPS) for the quarter. CPS Technologies had a negative net margin of 17.08% and a negative return on equity of 54.99%. The firm had revenue of $5.27 million for the quarter.

About CPS Technologies

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.

Further Reading: Risk Tolerance

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