CSP Inc. (NASDAQ:CSPI) Sees Large Increase in Short Interest

CSP Inc. (NASDAQ:CSPI - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 204,200 shares, a growth of 7.0% from the December 15th total of 190,900 shares. Based on an average daily volume of 30,100 shares, the short-interest ratio is presently 6.8 days.

Institutional Investors Weigh In On CSP

Hedge funds have recently made changes to their positions in the business. Copeland Capital Management LLC acquired a new stake in CSP in the third quarter worth about $42,000. Barclays PLC bought a new stake in shares of CSP during the 3rd quarter worth about $104,000. American Century Companies Inc. acquired a new stake in shares of CSP in the 2nd quarter worth approximately $503,000. Apis Capital Advisors LLC boosted its holdings in shares of CSP by 50.0% in 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 increased its stake in shares of CSP by 122.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 197,556 shares of the information technology services provider's stock valued at $2,944,000 after acquiring an additional 108,778 shares during the period. Institutional investors own 26.74% of the company's stock.

CSP Trading Up 3.0 %

CSP stock traded up $0.47 during mid-day trading on Friday, reaching $16.25. The company's stock had a trading volume of 28,973 shares, compared to its average volume of 36,754. CSP has a twelve month low of $10.06 and a twelve month high of $29.92. The business has a 50 day moving average price of $15.99 and a 200-day moving average price of $14.45. The firm has a market cap of $160.55 million, a price-to-earnings ratio of -324.94 and a beta of 1.44.

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

CSP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, December 27th. CSP's payout ratio is -239.95%.

About CSP

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.