CPS Technologies Corp. (NASDAQ:CPSH) Trading Up – Short Interest Up 16.28%


Traders are feeling more bearish on shares of CPS Technologies Corp. if you evaluate the rise in short interest. The stock saw a rise in short interest of 16.28% as of September 15, 2017 from the last reporting period. Short shares grew from 23,101 to 26,862 over that period. With short interest at 26,862 and short average daily volume at 12,892, days to cover is 2.0 and the percentage of shorted shares is 0.00% as of September 15.

The following firms have recently changed their position in CPSH. Goldman Sachs Group Inc cut its position by selling 2,723 shares a decrease of 18.6% from 03/31/2017 to 06/30/2017. Goldman Sachs Group Inc controls 11,894 shares worth $14,000. The total value of its holdings decreased 36.4%. Blackrock Inc. added to its ownership by buying 508 shares an increase of 18.4% as of 06/30/2017. Blackrock Inc. currently owns 3,262 shares valued at $4,000. The value of the position overall is down by 0.0%.

Citadel Advisors LLC trimmed its stake by shedding 590 shares a decrease of 3.1%. Citadel Advisors LLC owns 18,376 shares with a value of $22,000. The value of the position overall is down by 21.4%. As of quarter end Ubs Group Ag had bought a total of 4,600 shares growing its position 598.2%. The value of the investment in CPS Technologies Corp. increased from $1,000 to $6,000 increasing 500.0% for the reporting period.

In the market the company is trading up from yesterday’s close of 1.05. Company shares are trading at $1.12 barely below $1.15, the stock’s 50 day moving average and which is quite a bit lower than the 200 day moving average of $1.27. The 50 day moving average went down by -2.41% whereas the 200 day moving average was down $-0.15 or -11.59%.

CPS Technologies Corporation (CPS), launched on April 13, 1987, provides material solutions to the transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas end markets. The Business’s primary material solution is metal matrix composites (MMCs), which are a class of materials consisting of a combination of metal and ceramic. It designs, manufactures and sells custom MMC components, which manages the performance and reliability of systems in the end markets. It also provides baseplates and housings used in radar, satellite and avionics applications. It provides lids and heat spreaders used with integrated circuits in Internet switches and routers..