CPS Technologies Co. (NASDAQ:CPSH) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 4,200 shares, a growth of 82.6% from the July 31st total of 2,300 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is currently 0.3 days.
Separately, ValuEngine raised shares of CPS Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday.
Shares of NASDAQ CPSH remained flat at $$0.99 during midday trading on Friday. 111 shares of the stock were exchanged, compared to its average volume of 11,544. CPS Technologies has a twelve month low of $0.66 and a twelve month high of $1.85. The firm has a fifty day moving average price of $1.02 and a 200-day moving average price of $1.26. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.14 and a quick ratio of 1.30.
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.
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