CSP Inc. (NASDAQ:CSPI) Short Interest Up 7.0% in January

CSP Inc. (NASDAQ:CSPI) was the target 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 volume of 30,100 shares, the days-to-cover ratio is presently 6.8 days.

CSP Stock Down 3.5 %

CSPI stock opened at $19.28 on Tuesday. The business has a 50-day simple moving average of $16.74 and a 200 day simple moving average of $14.59. CSP has a 52 week low of $10.06 and a 52 week high of $29.92.

CSP (NASDAQ:CSPI) last posted its quarterly earnings results on Friday, December 20th. The information technology services provider reported ($0.18) 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Friday, December 27th. CSP’s dividend payout ratio is presently -239.95%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CSPI. Copeland Capital Management LLC bought a new position in CSP in the third quarter valued at about $42,000. Barclays PLC bought a new position in CSP in the third quarter valued at about $104,000. Finally, Navellier & Associates Inc. grew its position in CSP by 61.9% in the fourth quarter. Navellier & Associates Inc. now owns 61,576 shares of the information technology services provider’s stock valued at $990,000 after acquiring an additional 23,550 shares during the last quarter. 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.