Short Interest in Cimpress plc (NASDAQ:CMPR) Expands By 7.3%

Cimpress plc (NASDAQ:CMPR - Get Free Report) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,620,000 shares, an increase of 7.3% from the January 15th total of 1,510,000 shares. Currently, 7.7% of the shares of the stock are sold short. Based on an average trading volume of 153,700 shares, the days-to-cover ratio is presently 10.5 days.

Hedge Funds Weigh In On Cimpress

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Cimpress in the 3rd quarter valued at $29,000. CWM LLC boosted its holdings in Cimpress by 51.4% in the third quarter. CWM LLC now owns 1,258 shares of the business services provider's stock valued at $103,000 after acquiring an additional 427 shares during the last quarter. Quarry LP acquired a new position in Cimpress in the third quarter valued at $111,000. Point72 Asset Management L.P. purchased a new stake in Cimpress during the third quarter valued at about $115,000. Finally, Meeder Asset Management Inc. acquired a new stake in Cimpress during the third quarter worth about $130,000. Institutional investors and hedge funds own 77.64% of the company's stock.

Cimpress Stock Down 0.7 %

Shares of NASDAQ:CMPR traded down $0.34 during midday trading on Friday, reaching $49.76. The company's stock had a trading volume of 456,136 shares, compared to its average volume of 193,125. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.48 and a beta of 2.08. The business has a 50 day moving average price of $67.21 and a 200 day moving average price of $77.40. Cimpress has a 1 year low of $47.83 and a 1 year high of $104.92.

Cimpress (NASDAQ:CMPR - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $2.36 EPS for the quarter, missing the consensus estimate of $2.52 by ($0.16). Cimpress had a net margin of 4.75% and a negative return on equity of 27.64%. Sell-side analysts anticipate that Cimpress will post 3.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

CMPR has been the subject of a number of recent research reports. Truist Financial dropped their price objective on Cimpress from $110.00 to $87.00 and set a "buy" rating for the company in a research report on Friday, January 31st. StockNews.com upgraded shares of Cimpress from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 8th. Finally, Barrington Research reissued an "outperform" rating and set a $119.00 price objective on shares of Cimpress in a research note on Wednesday, January 29th.

About Cimpress

Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vista, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs.