CSP Inc. (NASDAQ:CSPI) Short Interest Up 7.0% in December

CSP Inc. (NASDAQ:CSPI) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 204,200 shares, an increase of 7.0% from the December 15th total of 190,900 shares. Based on an average daily trading volume, of 30,100 shares, the short-interest ratio is currently 6.8 days.

Hedge Funds Weigh In On CSP

Institutional investors and hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC purchased a new stake in CSP during the 3rd quarter valued at about $42,000. Barclays PLC purchased a new stake in shares of CSP during the third quarter valued at approximately $104,000. American Century Companies Inc. purchased a new stake in shares of CSP during the second quarter valued at approximately $503,000. Apis Capital Advisors LLC increased its position in shares of CSP by 50.0% during the second quarter. Apis Capital Advisors LLC now owns 36,000 shares of the information technology services provider’s stock valued at $536,000 after acquiring an additional 12,000 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in CSP by 122.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 197,556 shares of the information technology services provider’s stock worth $2,944,000 after acquiring an additional 108,778 shares during the last quarter. 26.74% of the stock is currently owned by institutional investors.

CSP Price Performance

NASDAQ:CSPI opened at $16.25 on Tuesday. CSP has a 1-year low of $10.06 and a 1-year high of $29.92. The company has a market capitalization of $160.60 million, a PE ratio of -324.94 and a beta of 1.44. The firm’s 50-day moving average price is $16.06 and its 200-day moving average price is $14.46.

CSP (NASDAQ:CSPI) last announced its earnings results on Friday, December 20th. The information technology services provider reported ($0.18) earnings per share for the quarter. CSP had a negative net margin of 0.78% and a negative return on equity of 0.91%.

CSP Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, December 27th. CSP’s dividend payout ratio (DPR) is -240.00%.

CSP Company Profile

CSP Inc develops and markets IT integration solutions, security products, managed IT services, cloud services, purpose-built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value-added reseller to various customers in web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.