Short Interest in CSP Inc. (NASDAQ:CSPI) Declines By 13.9%

CSP Inc. (NASDAQ:CSPI - Get Free Report) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 195,500 shares, a decline of 13.9% from the October 31st total of 227,100 shares. Based on an average daily trading volume, of 21,700 shares, the short-interest ratio is presently 9.0 days.

Institutional Trading of CSP

A number of institutional investors have recently bought and sold shares of CSPI. Copeland Capital Management LLC acquired a new position in shares of CSP in the third quarter valued at about $42,000. Barclays PLC purchased a new stake in CSP in the third quarter valued at approximately $104,000. American Century Companies Inc. acquired a new position in CSP in the 2nd quarter worth approximately $503,000. Apis Capital Advisors LLC raised its position in CSP by 50.0% during the 2nd quarter. Apis Capital Advisors LLC now owns 36,000 shares of the information technology services provider's stock worth $536,000 after buying an additional 12,000 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in CSP by 122.5% during the 2nd 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. 26.74% of the stock is currently owned by institutional investors and hedge funds.

CSP Price Performance

NASDAQ CSPI traded up $0.43 during trading on Friday, hitting $16.25. The company's stock had a trading volume of 13,352 shares, compared to its average volume of 27,308. CSP has a fifty-two week low of $8.22 and a fifty-two week high of $29.92. The company has a market cap of $158.60 million, a PE ratio of 58.04 and a beta of 1.38. The business's 50 day simple moving average is $13.29 and its 200-day simple moving average is $13.92.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CSP from a "buy" rating to a "hold" rating in a report on Tuesday, August 20th.

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.