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

CSP Inc. (NASDAQ:CSPI) saw a significant increase in short interest during the month of 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 short-interest ratio is presently 6.8 days.

Institutional Trading of CSP

Hedge funds and other institutional investors have recently made changes to their positions in the company. Navellier & Associates Inc. boosted its holdings 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. Barclays PLC bought a new stake in CSP in the third quarter valued at approximately $104,000. Finally, Copeland Capital Management LLC bought a new stake in CSP in the third quarter valued at approximately $42,000. 26.74% of the stock is currently owned by institutional investors.

CSP Stock Performance

NASDAQ:CSPI opened at $19.28 on Tuesday. The stock’s 50-day moving average is $16.74 and its 200-day moving average is $14.59. CSP has a 1-year low of $10.06 and a 1-year high of $29.92.

CSP (NASDAQ:CSPI) last released its quarterly earnings results 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, December 27th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, December 27th. CSP’s dividend payout ratio (DPR) is currently -239.95%.

CSP Company Profile

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.