CPS Technologies Co. (NASDAQ:CPSH) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totalling 2,300 shares, a decrease of 23.3% from the June 30th total of 3,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 16,000 shares, the short-interest ratio is currently 0.1 days.
Separately, ValuEngine cut CPS Technologies from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.
Shares of CPSH stock traded up $0.03 during trading hours on Monday, hitting $0.98. The company had a trading volume of 4,600 shares, compared to its average volume of 18,853. CPS Technologies has a 12 month low of $0.66 and a 12 month high of $1.85. The stock’s fifty day moving average is $1.07. The company has a current ratio of 2.14, a quick ratio of 1.16 and a debt-to-equity ratio of 0.02.
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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