CompoSecure, Inc. (NASDAQ:CMPO) Short Interest Up 53.3% in August

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 8,280,000 shares, a growth of 53.3% from the July 31st total of 5,400,000 shares. Based on an average daily volume of 541,900 shares, the short-interest ratio is currently 15.3 days. Approximately 35.5% of the company's shares are short sold.

CompoSecure Price Performance

Shares of CMPO traded down $0.08 during trading hours on Thursday, hitting $11.74. The stock had a trading volume of 741,194 shares, compared to its average volume of 367,827. The company's fifty day moving average is $8.55 and its two-hundred day moving average is $7.07. CompoSecure has a 52 week low of $4.61 and a 52 week high of $11.97. The stock has a market capitalization of $946.14 million, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.01 and a beta of 0.71.

CompoSecure (NASDAQ:CMPO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The business had revenue of $108.57 million for the quarter, compared to the consensus estimate of $102.22 million. CompoSecure had a net margin of 5.14% and a negative return on equity of 11.00%. During the same period last year, the company posted $0.25 EPS. Equities analysts predict that CompoSecure will post 1.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Benchmark increased their price target on shares of CompoSecure from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Bank of America increased their price target on shares of CompoSecure from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Needham & Company LLC raised their target price on shares of CompoSecure from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on shares of CompoSecure from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Finally, B. Riley raised their price target on shares of CompoSecure from $17.00 to $18.00 and gave the company a "buy" rating in a report on Friday, May 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.50.

Insider Buying and Selling

In related news, insider Adam Joseph Lowe sold 45,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total transaction of $497,700.00. Following the completion of the transaction, the insider now owns 1,292,219 shares of the company's stock, valued at approximately $14,291,942.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Adam Joseph Lowe sold 45,000 shares of the firm's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the sale, the insider now directly owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Amanda Mandy Gourbault sold 130,859 shares of the firm's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.08, for a total transaction of $1,449,917.72. Following the completion of the sale, the executive now owns 908,641 shares in the company, valued at $10,067,742.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 225,859 shares of company stock valued at $2,499,618. Company insiders own 74.99% of the company's stock.

Institutional Investors Weigh In On CompoSecure

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in shares of CompoSecure in the second quarter worth approximately $130,000. Quarry LP raised its stake in CompoSecure by 209.6% in the 2nd quarter. Quarry LP now owns 19,095 shares of the company's stock valued at $130,000 after acquiring an additional 12,927 shares during the period. Algert Global LLC bought a new stake in shares of CompoSecure during the second quarter valued at about $84,000. Pacific Ridge Capital Partners LLC grew its holdings in shares of CompoSecure by 146.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 486,462 shares of the company's stock worth $3,308,000 after purchasing an additional 289,451 shares in the last quarter. Finally, Sandia Investment Management LP purchased a new stake in CompoSecure in the second quarter worth approximately $68,000. Institutional investors and hedge funds own 37.56% of the company's stock.

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.

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