Cimpress plc (NASDAQ:CMPR) Short Interest Up 7.3% in December

Cimpress plc (NASDAQ:CMPR) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,610,000 shares, an increase of 7.3% from the November 30th total of 1,500,000 shares. Based on an average daily volume of 141,400 shares, the short-interest ratio is presently 11.4 days. Currently, 7.6% of the company’s stock are short sold.

Institutional Trading of Cimpress

Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its stake in shares of Cimpress by 5.2% during the 3rd quarter. Janus Henderson Group PLC now owns 2,847,327 shares of the business services provider’s stock worth $233,253,000 after acquiring an additional 140,899 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Cimpress by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 512,613 shares of the business services provider’s stock valued at $44,909,000 after purchasing an additional 4,441 shares during the period. Diamond Hill Capital Management Inc. increased its position in Cimpress by 6.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 450,253 shares of the business services provider’s stock worth $36,885,000 after buying an additional 26,727 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Cimpress by 11.0% in the second quarter. Acadian Asset Management LLC now owns 397,170 shares of the business services provider’s stock worth $34,776,000 after buying an additional 39,438 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in shares of Cimpress by 0.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 145,703 shares of the business services provider’s stock valued at $11,936,000 after buying an additional 785 shares in the last quarter. 77.64% of the stock is currently owned by institutional investors.

Cimpress Stock Performance

Shares of CMPR stock traded down $0.36 on Thursday, reaching $71.36. The stock had a trading volume of 10,608 shares, compared to its average volume of 150,749. Cimpress has a 1 year low of $58.05 and a 1 year high of $104.92. The stock has a market cap of $1.79 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 0.68 and a beta of 2.08. The company has a 50 day simple moving average of $77.83 and a 200 day simple moving average of $83.61.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.80). Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. The firm had revenue of $804.97 million during the quarter, compared to analysts’ expectations of $800.51 million. During the same period in the previous year, the business posted $0.17 earnings per share. On average, equities research analysts anticipate that Cimpress will post 4.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on CMPR shares. StockNews.com upgraded Cimpress from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Truist Financial decreased their target price on Cimpress from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Barrington Research reiterated an “outperform” rating and issued a $119.00 price target on shares of Cimpress in a research note on Friday, December 20th.

Cimpress Company Profile

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.