What’s Next for Consumer Portfolio Services (NASDAQ:CPSS) After Having More Shares Shorted?





July 28, 2017 – By Migdalia James







Investors sentiment increased to 1.33 in Q4 2016. Its up 0.58, from 0.75 in 2016Q3. It is positive, 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.
Nordea Inv Mgmt Ab accumulated 181,800 shares or 0% of the stock. Blackrock Advsr Limited Liability Com invested in 0% or 239,941 shares. Royal Bancorporation Of Canada reported 101,200 shares. Brandywine Glob Investment Management Limited Liability Company has invested 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Renaissance Techs Lc holds 0% or 517,900 shares. Millennium Lc has invested 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Valley National Advisers has 0.01% invested in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Savings Bank Of Ny Mellon Corp owns 91,125 shares. Spark Invest Management Limited holds 40,200 shares. 400 were accumulated by Prelude Capital Limited Liability. Acadian Asset Mngmt Limited Liability holds 22,606 shares or 0% of its portfolio. Morgan Stanley reported 0% stake. Tower Rech Capital Ltd (Trc) invested in 14,997 shares or 0.01% of the stock. Blackrock Japan Company invested 0% in Consumer Portfolio Services, Inc. (NASDAQ:CPSS). Vanguard Inc reported 732,473 shares or 0% of all its holdings.

Since March 2, 2017, it had 0 insider purchases, and 7 sales for $345,359 activity. On Thursday, March 9 POWELL CURTIS K sold $112,884 worth of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) or 21,120 shares. On Thursday, March 2 ROBERTS WILLIAM B sold $52,700 worth of Consumer Portfolio Services, Inc. (NASDAQ:CPSS) or 10,000 shares. CREATURA MARK sold $52,853 worth of stock or 10,000 shares.

The stock of Consumer Portfolio Services (NASDAQ:CPSS) registered an increase of 4.1% in short interest. CPSS’s total short interest was 690,900 shares in July as published by FINRA. Its up 4.1% from 663,700 shares, reported previously. With 41,400 shares average volume, it will take short sellers 17 days to cover their CPSS’s short positions. The short interest to Consumer Portfolio Services’s float is 4.3%.

About 68,450 shares traded. Consumer Portfolio Services, Inc. (NASDAQ:CPSS) has risen 24.05% since July 28, 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 $93.03 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 4.76 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 4 analyst reports since February 25, 2016 according to SRatingsIntel. Compass Point downgraded Consumer Portfolio Services, Inc. (NASDAQ:CPSS) rating on Thursday, February 25. Compass Point has “Neutral” rating and $5.50 target. The firm earned “Buy” rating on Monday, July 24 by Jefferies. The rating was downgraded by JMP Securities to “Market Perform” on Wednesday, March 16. Jefferies maintained the stock with “Buy” rating in Thursday, June 15 report.

More important recent Consumer Portfolio Services, Inc. (NASDAQ:CPSS) news were published by: Seekingalpha.com which released: “Consumer Portfolio Services, Inc. – Value In An Expensive Market” on March 14, 2017, also Seekingalpha.com published article titled: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q4 2016 Results …”, Stockhouse.com published: “Investor Network: Consumer Portfolio Services, Inc. to Host Earnings Call” on July 25, 2017. More interesting news about Consumer Portfolio Services, Inc. (NASDAQ:CPSS) was released by: Seekingalpha.com and their article: “Consumer Portfolio Services’ (CPSS) CEO Charles Bradley on Q1 2017 Results …” with publication date: April 21, 2017.

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