Short Interest in Climb Global Solutions, Inc. (NASDAQ:CLMB) Expands By 13.4%

Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 92,000 shares, a growth of 13.4% from the December 15th total of 81,100 shares. Approximately 2.4% of the company's shares are short sold. Based on an average daily volume of 33,200 shares, the short-interest ratio is currently 2.8 days.

Institutional Investors Weigh In On Climb Global Solutions

Several institutional investors have recently modified their holdings of CLMB. De Lisle Partners LLP boosted its position in shares of Climb Global Solutions by 24.1% in the third quarter. De Lisle Partners LLP now owns 194,280 shares of the company's stock worth $19,272,000 after purchasing an additional 37,747 shares during the period. Geode Capital Management LLC boosted its holdings in Climb Global Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 92,143 shares of the company's stock worth $9,173,000 after buying an additional 881 shares during the period. State Street Corp increased its stake in Climb Global Solutions by 12.5% in the 3rd quarter. State Street Corp now owns 62,692 shares of the company's stock worth $6,240,000 after buying an additional 6,979 shares in the last quarter. Royce & Associates LP raised its holdings in Climb Global Solutions by 314.5% during the third quarter. Royce & Associates LP now owns 35,919 shares of the company's stock valued at $3,575,000 after acquiring an additional 27,254 shares during the period. Finally, Foundry Partners LLC lifted its position in shares of Climb Global Solutions by 0.9% in the third quarter. Foundry Partners LLC now owns 35,675 shares of the company's stock valued at $3,551,000 after acquiring an additional 330 shares in the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Climb Global Solutions Stock Up 2.5 %

Shares of NASDAQ:CLMB traded up $3.21 on Friday, hitting $130.17. The company had a trading volume of 21,790 shares, compared to its average volume of 25,400. Climb Global Solutions has a 1 year low of $49.69 and a 1 year high of $142.50. The firm's 50-day simple moving average is $129.07 and its two-hundred day simple moving average is $102.26. The firm has a market capitalization of $600.08 million, a price-to-earnings ratio of 35.28, a P/E/G ratio of 1.71 and a beta of 1.14.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a yield of 0.52%. Climb Global Solutions's dividend payout ratio is currently 18.43%.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an "outperform" rating and issued a $136.00 price target on shares of Climb Global Solutions in a report on Thursday, December 12th.

About Climb Global Solutions

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.