CompoSecure, Inc. (NASDAQ:CMPO) Short Interest Up 15.2% in March

CompoSecure, Inc. (NASDAQ:CMPO) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,410,000 shares, a growth of 15.2% from the March 15th total of 2,960,000 shares. Currently, 22.2% of the company’s shares are sold short. Based on an average daily trading volume, of 215,900 shares, the days-to-cover ratio is presently 15.8 days.

CompoSecure Price Performance

Shares of NASDAQ:CMPO traded down $0.12 during trading on Tuesday, reaching $6.55. 231,144 shares of the company were exchanged, compared to its average volume of 207,544. The business’s fifty day simple moving average is $5.87 and its 200-day simple moving average is $5.64. CompoSecure has a 12-month low of $4.61 and a 12-month high of $7.90. The firm has a market capitalization of $527.47 million, a PE ratio of 7.20 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $99.90 million for the quarter, compared to analysts’ expectations of $95.86 million. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. On average, sell-side analysts anticipate that CompoSecure will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On CompoSecure

Institutional investors have recently made changes to their positions in the company. UBS Group AG grew its holdings in CompoSecure by 46.3% during the 1st quarter. UBS Group AG now owns 5,289 shares of the company’s stock worth $39,000 after acquiring an additional 1,673 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in CompoSecure by 37.7% during the first quarter. JPMorgan Chase & Co. now owns 6,257 shares of the company’s stock valued at $46,000 after buying an additional 1,714 shares during the period. Deutsche Bank AG raised its stake in CompoSecure by 53.9% in the first quarter. Deutsche Bank AG now owns 4,952 shares of the company’s stock worth $36,000 after buying an additional 1,735 shares in the last quarter. Impact Partnership Wealth LLC lifted its holdings in CompoSecure by 20.5% during the third quarter. Impact Partnership Wealth LLC now owns 11,268 shares of the company’s stock worth $73,000 after buying an additional 1,916 shares during the period. Finally, Barclays PLC boosted its position in CompoSecure by 20.8% during the 1st quarter. Barclays PLC now owns 11,640 shares of the company’s stock valued at $86,000 after acquiring an additional 2,001 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMPO. JPMorgan Chase & Co. cut shares of CompoSecure from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $6.00 in a research note on Monday, December 18th. Benchmark boosted their target price on CompoSecure from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, B. Riley raised their price target on CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and an average price target of $11.83.

About CompoSecure

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.