Cimpress plc (NASDAQ:CMPR) Sees Significant Decrease in Short Interest

Cimpress plc (NASDAQ:CMPR) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 1,500,000 shares, a decline of 6.8% from the December 15th total of 1,610,000 shares. Based on an average trading volume of 137,500 shares, the short-interest ratio is currently 10.9 days. Currently, 7.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPR. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cimpress by 5.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,521 shares of the business services provider’s stock worth $287,000 after acquiring an additional 169 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Cimpress by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,937 shares of the business services provider’s stock worth $1,797,000 after buying an additional 215 shares during the last quarter. Rhumbline Advisers boosted its stake in Cimpress by 1.1% in the second quarter. Rhumbline Advisers now owns 27,106 shares of the business services provider’s stock valued at $2,375,000 after buying an additional 308 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Cimpress by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 10,383 shares of the business services provider’s stock valued at $910,000 after acquiring an additional 334 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Cimpress in the third quarter worth about $29,000. 77.64% of the stock is owned by institutional investors and hedge funds.

Cimpress Stock Up 1.6 %

Shares of NASDAQ:CMPR traded up $1.17 during midday trading on Monday, hitting $73.81. The stock had a trading volume of 129,935 shares, compared to its average volume of 127,828. The company has a market cap of $1.86 billion, a P/E ratio of 12.68, a PEG ratio of 0.62 and a beta of 2.09. Cimpress has a 12 month low of $58.05 and a 12 month high of $104.92. The business’s 50-day simple moving average is $76.64 and its 200-day simple moving average is $82.36.

Cimpress (NASDAQ:CMPR) last announced its earnings results on Wednesday, October 30th. The business services provider reported ($0.50) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.80). The company had revenue of $804.97 million for the quarter, compared to the consensus estimate of $800.51 million. Cimpress had a negative return on equity of 27.15% and a net margin of 4.69%. During the same period in the previous year, the firm posted $0.17 EPS. As a group, equities analysts predict that Cimpress will post 4.06 earnings per share for the current year.

Analysts Set New Price Targets

CMPR has been the topic of several recent analyst reports. StockNews.com cut Cimpress from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 9th. Barrington Research reissued an “outperform” rating and set a $119.00 price objective on shares of Cimpress in a research report on Friday, December 20th. Finally, Truist Financial cut their price objective on shares of Cimpress from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, November 1st.

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.