CSP Inc. (NASDAQ:CSPI) Short Interest Update

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

Institutional Investors Weigh In On CSP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC bought a new position in shares of CSP in the 3rd quarter valued at about $42,000. Barclays PLC acquired a new position in CSP during the third quarter valued at approximately $104,000. Finally, Navellier & Associates Inc. grew its stake in CSP by 61.9% in the fourth quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider's stock valued at $990,000 after purchasing an additional 23,550 shares in the last quarter. 26.74% of the stock is currently owned by institutional investors and hedge funds.

CSP Stock Down 3.6 %

Shares of NASDAQ:CSPI traded down $0.76 during midday trading on Friday, reaching $20.07. 30,092 shares of the company were exchanged, compared to its average volume of 29,953. The firm has a market cap of $198.24 million, a PE ratio of -404.92 and a beta of 1.46. CSP has a fifty-two week low of $10.76 and a fifty-two week high of $29.92. The stock has a fifty day simple moving average of $16.99 and a two-hundred day simple moving average of $14.73.

CSP (NASDAQ:CSPI - Get Free Report) last released its quarterly 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 net margin of 0.78% and a negative return on equity of 0.91%.

CSP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th were issued a $0.03 dividend. The ex-dividend date was Friday, December 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.60%. CSP's dividend payout ratio (DPR) is presently -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.