Climb Global Solutions, Inc. (NASDAQ:CLMB) Short Interest Update

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

Institutional Investors Weigh In On Climb Global Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. De Lisle Partners LLP raised its stake in Climb Global Solutions by 24.1% in the third quarter. De Lisle Partners LLP now owns 194,280 shares of the company's stock valued at $19,272,000 after buying an additional 37,747 shares during the period. Royce & Associates LP lifted its position in Climb Global Solutions by 314.5% during the third quarter. Royce & Associates LP now owns 35,919 shares of the company's stock worth $3,575,000 after purchasing an additional 27,254 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Climb Global Solutions during the 4th quarter worth approximately $1,449,000. Proficio Capital Partners LLC bought a new position in shares of Climb Global Solutions in the 4th quarter valued at $1,382,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Climb Global Solutions by 138,542.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company's stock worth $1,230,000 after acquiring an additional 9,698 shares in the last quarter. Institutional investors and hedge funds own 49.72% of the company's stock.

Climb Global Solutions Stock Performance

NASDAQ CLMB traded up $1.04 on Thursday, reaching $127.75. The company had a trading volume of 15,563 shares, compared to its average volume of 25,482. The firm has a market capitalization of $588.93 million, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The company's fifty day moving average is $129.12 and its 200-day moving average is $108.79. Climb Global Solutions has a 1-year low of $49.69 and a 1-year high of $142.50.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an "outperform" rating and set a $136.00 price objective 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.