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

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

Hedge Funds Weigh In On CSP

Institutional investors have recently modified their holdings of the stock. Barclays PLC acquired a new stake in shares of CSP in the third quarter valued at approximately $104,000. Copeland Capital Management LLC bought a new position in shares of CSP in the 3rd quarter valued at about $42,000. Finally, Navellier & Associates Inc. increased its holdings in CSP by 61.9% during the fourth quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider’s stock worth $990,000 after buying an additional 23,550 shares during the last quarter. 26.74% of the stock is currently owned by institutional investors and hedge funds.

CSP Price Performance

Shares of CSPI stock traded down $0.23 during trading hours on Tuesday, hitting $19.06. 11,945 shares of the company’s stock were exchanged, compared to its average volume of 27,620. CSP has a 52 week low of $10.06 and a 52 week high of $29.92. The stock’s 50-day moving average is $16.74 and its 200-day moving average is $14.59. The stock has a market cap of $188.26 million, a price-to-earnings ratio of -381.02 and a beta of 1.46.

CSP (NASDAQ:CSPI) last announced its quarterly earnings data 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend 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.