CompoSecure, Inc.’s (NASDAQ: CMPO) short interest dropped precipitously in November. As of November 15, there were 1,300,000 shares totaling short interest, a 15.0% decrease from 1,530,000 shares as of October 31. Based on an average daily trading volume of 108,000 shares, the days-to-cover ratio is 12.0 days. Overall, 14.4% of the company’s shares have been sold short.
Related news includes Donald G. Basile, a big stakeholder, who sold 9,738 company stock on December 1. At an average price of $5.02, the stock was sold for a total transaction value of $48.884.76. The insider will personally own 4,279,599 shares of the company, with a market value of $21,483,586.98, following the acquisition. The transaction was made public through an online public access legal file with the SEC. Donald G. Basile, a big stakeholder, sold 320,000 shares of the company’s stock on Friday, November 11, according to related news. At an average price of $5.00, the stock was sold for a total price of $1,600,000. After the transaction was finalized, the insider now owns 4,393,170 shares of the company’s stock, with a market value of $21,965,850. The transaction was made public through an online public access legal file with the SEC. On December 1, Donald G. Basile, the company’s largest shareholder, also sold 9,738 shares of company stock. The average price paid for the shares was $5.02, and they were sold for $48.884.76. The insider will now directly own 4,279,599 shares of the company’s stock, with a market value of $21,483,586.98 after the transaction is finalized. The disclosure for this sale is available here. Over the past ninety days, insiders have traded 541,715 shares of the company’s stock for $2,741,505 and acquired 141,751 shares for $732,456. Insiders own 23.85% of the company’s stock.
JPMorgan Chase & Co. began covering CompoSecure in a research report on Tuesday, October 11. They set a $10.00 price target and rated the stock as “overweight.”
Institutional investors, including hedge funds, now have a different amount of money. Tower Research Capital LLC (TRC) grew its stake in CompoSecure by 485.3% during the third quarter. Tower Research Capital LLC (TRC) now owns 6,591 shares of the business’s stock, worth $33,000, after acquiring an additional 5,465 shares over the last three months. Royal Bank of Canada grew its stake in CompoSecure by 120.6% in the first quarter. Royal Bank of Canada now owns 4,854 shares of the company’s stock, valued at $37,000, after acquiring an additional 2,654 shares over the last three months. JPMorgan Chase & Co. purchased new shares of CompoSecure during the first quarter for about $38,000. HBK Sorce Advisory LLC added shares of CompoSecure, valued at about $39,000, to its portfolio in the third quarter. Finally, Trexquant Investment LP boosted its shares of CompoSecure by roughly $54,000 in the third quarter. Currently, 14.04 percent of the stock is owned by institutions.
At noon on Friday, the price of CompoSecure stock dropped by $0.01 to $5. The number of shares traded was 36,150, as opposed to the average volume of 120,303. The 52-week high and low prices for CompoSecure are both $10.69. The 50-day and 200-day moving averages of the company’s stock are $5.10 and $5.66, respectively. The stock’s market value is $381.75 million, its PE ratio is 2.26, and its beta is 0.71.
CompoSecure, Inc. manufactures and designs cards made of metal, plastic, composite ID, and proprietary financial transaction cards in the US and other countries. Its primary metal form factors include embedded, metal veneer lite, veneer, and full metal items. There is also the option to use Arculus Cold Storage Wallet, a three-factor authentication solution comprised of the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile app, to store cryptocurrency and other digital assets and maintain the private key in the Arculus Key card at the highest level of security.
