Consumer Portfolio Services (NASDAQ:CPSS) Short Interest Increased By 15.47%





September 17, 2017 – By Michael Collier







Investors sentiment increased to 1.33 in 2016 Q4. Its up 0.58, from 0.75 in 2016Q3. It increased, as 4 investors sold Consumer Portfolio Services, Inc. shares while 14 reduced holdings. 7 funds opened positions while 17 raised stakes. 11.01 million shares or 0.61% more from 10.94 million shares in 2016Q3 were reported.
Acadian Asset Ltd Liability Co has invested 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Geode Mgmt Llc owns 117,935 shares. 318,074 were accumulated by Fortress Invest. 70,845 were accumulated by Blackrock Group Ltd. Group Inc One Trading L P accumulated 3,490 shares. Geneva Ltd Liability Company holds 10,589 shares. Deutsche Retail Bank Ag invested in 0% or 3,327 shares. Blackrock Japan Co Ltd invested 0% of its portfolio in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Blackrock Institutional Trust Na has invested 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Tower Research Capital Ltd (Trc) owns 14,997 shares for 0.01% of their portfolio. Gsa Capital Ptnrs Ltd Liability Partnership, a United Kingdom-based fund reported 47,116 shares. Financial Bank Of New York Mellon Corporation stated it has 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Leisure Cap has invested 0.28% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Goldman Sachs Grp holds 0% or 69,730 shares. Denali Advsr Ltd Liability Corp, California-based fund reported 550 shares.

Since March 16, 2017, it had 0 insider buys, and 3 selling transactions for $90,033 activity. On Thursday, March 16 POWELL CURTIS K sold $36,889 worth of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) or 7,004 shares.

The stock of Consumer Portfolio Services (NASDAQ:CPSS) registered an increase of 15.47% in short interest. CPSS’s total short interest was 1.46 million shares in September as published by FINRA. Its up 15.47% from 1.26M shares, reported previously. With 72,600 shares average volume, it will take short sellers 20 days to cover their CPSS’s short positions. The short interest to Consumer Portfolio Services’s float is 9.06%.

The stock decreased 2.55% or $0.11 on September 15, reaching $4.21. About 58,297 shares traded. Consumer Portfolio Services, Inc. (NASDAQ:CPSS) has risen 24.05% since September 17, 2016 and is uptrending. It has outperformed by 7.35% the S&P500.

Consumer Portfolio Services, Inc. is a specialty finance company. The company has market cap of $95.70 million. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. It has a 4.98 P/E ratio. Through its automobile contract purchases, the Company provides indirect financing to the clients of dealers having limited credit histories, low incomes or past credit problems, who it refers to as sub-prime customers.

Consumer Portfolio Services, Inc. (NASDAQ:CPSS) Ratings Coverage

Among 3 analysts covering Consumer Portfolio Services (NASDAQ:CPSS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Consumer Portfolio Services had 5 analyst reports since February 25, 2016 according to SRatingsIntel. As per Wednesday, March 16, the company rating was downgraded by JMP Securities. The stock of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) earned “Neutral” rating by Compass Point on Thursday, February 25. The rating was maintained by Jefferies on Thursday, September 7 with “Buy”. The firm has “Buy” rating by Jefferies given on Thursday, June 15. As per Monday, July 24, the company rating was maintained by Jefferies.

More notable recent Consumer Portfolio Services, Inc. (NASDAQ:CPSS) news were published by: Seekingalpha.com which released: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q2 2017 Results …” on July 25, 2017, also Seekingalpha.com with their article: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q3 2016 Results …” published on October 18, 2016, Seekingalpha.com published: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q1 2017 Results …” on April 21, 2017. More interesting news about Consumer Portfolio Services, Inc. (NASDAQ:CPSS) were released by: Globenewswire.com and their article: “CPS Announces $206.3 Million Senior Subordinate Asset-Backed Securitization” published on January 18, 2017 as well as Seekingalpha.com‘s news article titled: “Consumer Portfolio Services, Inc. – Value In An Expensive Market” with publication date: March 14, 2017.

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