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

CSP Inc. (NASDAQ:CSPI) was the recipient of a large increase in short interest during 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 Price Performance

Shares of CSP stock traded up $0.47 during trading hours on Monday, hitting $16.25. 28,973 shares of the company’s stock traded hands, compared to its average volume of 36,754. CSP has a 12-month low of $10.06 and a 12-month high of $29.92. The stock has a market capitalization of $160.60 million, a price-to-earnings ratio of -324.94 and a beta of 1.44. The company has a fifty day simple moving average of $15.99 and a 200-day simple moving average of $14.45.

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 return on equity of 0.91% and a negative net margin of 0.78%.

CSP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, December 27th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, December 27th. CSP’s dividend payout ratio (DPR) is currently -240.00%.

Institutional Investors Weigh In On CSP

Large investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new position in CSP during the 3rd quarter valued at about $42,000. Barclays PLC purchased a new position in CSP during the 3rd quarter valued at about $104,000. American Century Companies Inc. purchased a new position in CSP during the 2nd quarter valued at about $503,000. Apis Capital Advisors LLC grew its holdings 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 valued at $536,000 after buying an additional 12,000 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings 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 buying an additional 108,778 shares in the last quarter. Hedge funds and other institutional investors own 26.74% of the company’s stock.

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.