CompX International Inc. (NYSE:CIX) Short Interest Down 21.9% in August

Key Points

• Short interest in CompX International Inc. decreased by 21.9% in August, with a total of 42,700 shares shorted, representing roughly 2.8% of the company's total shares.
• Hedge fund Geode Capital Management raised its stake in CompX International by 2.6%, owning approximately 35,889 shares valued at $954,000.
• CompX International declared a quarterly dividend of $0.30 per share, resulting in an annualized dividend of $1.20 and a yield of 5.0%.

CompX International Inc. (NYSE:CIX - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 42,700 shares, a drop of 21.9% from the August 15th total of 54,700 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is presently 5.2 days. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is presently 5.2 days. Currently, 2.8% of the shares of the company are short sold.

Hedge Funds Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Geode Capital Management LLC increased its stake in CompX International Inc. (NYSE:CIX - Free Report) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,889 shares of the company's stock after acquiring an additional 917 shares during the period. Geode Capital Management LLC owned approximately 0.29% of CompX International worth $954,000 at the end of the most recent reporting period. 7.50% of the stock is owned by hedge funds and other institutional investors.

CompX International Stock Performance

Shares of NYSE:CIX traded down $0.35 during trading hours on Friday, hitting $24.97. The stock had a trading volume of 18,856 shares, compared to its average volume of 7,227. The stock's fifty day simple moving average is $25.42 and its 200 day simple moving average is $24.65. The firm has a market capitalization of $307.71 million, a price-to-earnings ratio of 16.43 and a beta of 1.10. CompX International has a 1-year low of $17.89 and a 1-year high of $33.40.

CompX International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, September 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, September 5th. CompX International's payout ratio is currently 79.47%.

About CompX International

CompX International Inc manufactures and sells security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electrical circuit panels, storage compartments, gas station security, and vending and cash containment machines.