CompoSecure, Inc. (NASDAQ:CMPO) Sees Large Growth in Short Interest

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 13,060,000 shares, an increase of 20.9% from the September 15th total of 10,800,000 shares. Based on an average daily trading volume, of 944,000 shares, the days-to-cover ratio is currently 13.8 days. Currently, 50.7% of the company's shares are sold short.

Insiders Place Their Bets

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the sale, the director now directly owns 2,043,320 shares in the company, valued at $15,427,066. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CompoSecure news, insider Adam Joseph Lowe sold 45,000 shares of the business's 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 sale, the insider now directly owns 1,292,219 shares in the company, valued at $14,291,942.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michele Logan sold 10,017,983 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the transaction, the director now owns 2,043,320 shares of the company's stock, valued at $15,427,066. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,867,586 shares of company stock worth $82,870,442 over the last ninety days. 74.99% of the stock is owned by company insiders.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its position in shares of CompoSecure by 42.0% during the third quarter. CWM LLC now owns 5,192 shares of the company's stock worth $73,000 after acquiring an additional 1,536 shares during the last quarter. Rhumbline Advisers grew its position in shares of CompoSecure by 17.3% during the second quarter. Rhumbline Advisers now owns 19,521 shares of the company's stock worth $133,000 after acquiring an additional 2,877 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of CompoSecure by 16.0% during the second quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company's stock worth $340,000 after acquiring an additional 6,891 shares during the last quarter. Sandia Investment Management LP bought a new position in CompoSecure in the 2nd quarter valued at about $68,000. Finally, Ritholtz Wealth Management bought a new position in CompoSecure in the 2nd quarter valued at about $84,000. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Price Performance

CMPO traded up $0.51 during trading on Monday, hitting $14.81. The company had a trading volume of 1,264,262 shares, compared to its average volume of 478,320. The company has a market cap of $1.19 billion, a PE ratio of 15.27, a P/E/G ratio of 1.05 and a beta of 0.78. The business has a 50-day moving average of $12.25 and a 200-day moving average of $8.81. CompoSecure has a 1-year low of $4.61 and a 1-year high of $15.00.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. The company had revenue of $108.57 million for the quarter, compared to analysts' expectations of $102.22 million. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. During the same period in the prior year, the company earned $0.25 earnings per share. Research analysts forecast that CompoSecure will post 1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CMPO. Lake Street Capital upped their target price on shares of CompoSecure from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Bank of America upped their target price on shares of CompoSecure from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Needham & Company LLC upped 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. upped their target price on shares of CompoSecure from $8.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Finally, Compass Point upped their target price on shares of CompoSecure from $11.50 to $14.50 and gave the company a "buy" rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, CompoSecure presently has a consensus rating of "Moderate Buy" and an average target price of $15.07.

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.