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 trading volume of 30,100 shares, the days-to-cover ratio is currently 6.8 days.

CSP Trading Up 3.0 %

Shares of CSPI traded up $0.47 during trading hours on Monday, reaching $16.25. 28,973 shares of the company’s stock traded hands, compared to its average volume of 36,754. The stock has a market cap of $160.60 million, a PE ratio of -324.94 and a beta of 1.44. The firm’s 50 day simple moving average is $15.99 and its 200-day simple moving average is $14.45. CSP has a 12 month low of $10.06 and a 12 month high of $29.92.

CSP (NASDAQ:CSPI) last issued 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 Dividend Announcement

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

Institutional Trading of CSP

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. purchased a new position in CSP in the 2nd quarter worth approximately $503,000. Renaissance Technologies LLC increased its stake in CSP by 3.7% in the 2nd quarter. Renaissance Technologies LLC now owns 442,226 shares of the information technology services provider’s stock worth $6,589,000 after purchasing an additional 15,800 shares during the period. 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. Apis Capital Advisors LLC increased its stake in shares of CSP by 50.0% during the second 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 during the period. Finally, Copeland Capital Management LLC purchased a new position in shares of CSP during the third quarter valued at approximately $42,000. 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.