Short Interest in CSP Inc. (NASDAQ:CSPI) Rises By 7.0%

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

CSP Stock Up 3.0 %

CSP stock opened at $16.25 on Tuesday. The firm has a fifty day simple moving average of $16.06 and a two-hundred day simple moving average of $14.46. CSP has a twelve month low of $10.06 and a twelve month high of $29.92. The company has a market capitalization of $160.60 million, a PE ratio of -324.94 and a beta of 1.44.

CSP (NASDAQ:CSPI) last issued its earnings results on Friday, December 20th. The information technology services provider reported ($0.18) earnings per share 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 company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 27th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, December 27th. CSP’s payout ratio is -240.00%.

Institutional Investors Weigh In On CSP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC bought a new position in shares of CSP during the third quarter valued at about $42,000. Barclays PLC purchased a new stake in CSP in the 3rd quarter worth approximately $104,000. American Century Companies Inc. purchased a new stake in CSP in the 2nd quarter worth approximately $503,000. Apis Capital Advisors LLC grew its position in shares of CSP by 50.0% in 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 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 buying an additional 108,778 shares during the period. 26.74% of the stock is currently owned by institutional investors.

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.