CSP Inc. (NASDAQ:CSPI) Short Interest Down 12.7% in May

CSP Inc. (NASDAQ:CSPI - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 177,500 shares, a decrease of 12.7% from the April 30th total of 203,300 shares. Based on an average daily volume of 24,800 shares, the short-interest ratio is currently 7.2 days. Approximately 2.2% of the shares of the company are short sold.

Institutional Investors Weigh In On CSP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Visionary Wealth Advisors raised its holdings in CSP by 15.4% in the 4th quarter. Visionary Wealth Advisors now owns 766,842 shares of the information technology services provider's stock worth $12,323,000 after acquiring an additional 102,544 shares during the period. Navellier & Associates Inc. boosted 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 buying an additional 23,550 shares in the last quarter. Jane Street Group LLC bought a new position in shares of CSP in the fourth quarter worth about $256,000. 683 Capital Management LLC bought a new stake in shares of CSP during the fourth quarter worth approximately $321,000. Finally, Northern Trust Corp raised its stake in shares of CSP by 39.9% during the fourth quarter. Northern Trust Corp now owns 38,838 shares of the information technology services provider's stock worth $624,000 after buying an additional 11,075 shares during the last quarter. Hedge funds and other institutional investors own 26.74% of the company's stock.

CSP Price Performance

Shares of CSP stock traded up $0.38 on Thursday, hitting $14.19. The company had a trading volume of 9,151 shares, compared to its average volume of 31,124. The business has a 50-day simple moving average of $15.32 and a 200-day simple moving average of $16.32. The company has a market cap of $139.96 million, a PE ratio of 1,420.42 and a beta of 0.88. CSP has a 52 week low of $10.76 and a 52 week high of $21.95.

CSP (NASDAQ:CSPI - Get Free Report) last issued its earnings results on Wednesday, May 14th. The information technology services provider reported ($0.01) earnings per share for the quarter. CSP had a return on equity of 0.17% and a net margin of 0.14%.

CSP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.03 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.85%. CSP's dividend payout ratio (DPR) is presently -75.00%.

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.