Climb Global Solutions, Inc. (NASDAQ:CLMB) Short Interest Up 13.4% in January

Climb Global Solutions, Inc. (NASDAQ:CLMB) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 92,000 shares, a growth of 13.4% from the December 31st total of 81,100 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 33,200 shares, the short-interest ratio is presently 2.8 days.

Hedge Funds Weigh In On Climb Global Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Climb Global Solutions by 12.5% in the 3rd quarter. State Street Corp now owns 62,692 shares of the company’s stock worth $6,240,000 after acquiring an additional 6,979 shares during the period. JPMorgan Chase & Co. lifted its position in Climb Global Solutions by 309.2% in the third quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock valued at $752,000 after purchasing an additional 5,711 shares during the period. Barclays PLC lifted its position in Climb Global Solutions by 59.0% in the third quarter. Barclays PLC now owns 8,597 shares of the company’s stock valued at $856,000 after purchasing an additional 3,189 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Climb Global Solutions in the 4th quarter valued at approximately $250,000. Finally, Franklin Resources Inc. acquired a new position in Climb Global Solutions during the 3rd quarter worth approximately $302,000. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $136.00 price target on shares of Climb Global Solutions in a report on Thursday, December 12th.

Climb Global Solutions Price Performance

Shares of NASDAQ:CLMB traded down $3.76 during trading on Monday, reaching $122.97. The company had a trading volume of 8,007 shares, compared to its average volume of 25,533. Climb Global Solutions has a fifty-two week low of $49.69 and a fifty-two week high of $142.50. The stock’s fifty day moving average price is $129.85 and its 200 day moving average price is $107.69. The firm has a market capitalization of $566.88 million, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13.

About Climb Global Solutions

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.