CSP (CSPI) News Today

StockNews.com raised shares of CSP from a "hold" rating to a "buy" rating in a research report on Monday.

CSP (NASDAQ:CSPI) Stock Passes Above Two Hundred Day Moving Average of $15.14

CSP Inc. (NASDAQ:CSPI - Get Free Report) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 376,900 shares, a drop of 7.2% from the May 31st total of 406,000 shares. Based on an average daily trading volume, of 76,800 shares, the short-interest ratio is currently 4.9 days.

CSP (NASDAQ:CSPI) Share Price Passes Below 200-Day Moving Average of $14.93

CSP Inc. (NASDAQ:CSPI - Get Free Report) major shareholder Joseph R. Nerges bought 1,402 shares of the stock in a transaction on Monday, June 17th. The stock was purchased at an average cost of $13.95 per share, with a total value of $19,557.90. Following the acquisition, the insider now owns 1,361,804 shares in the company, valued at $18,997,165.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

CSP Inc. (NASDAQ:CSPI - Get Free Report) major shareholder Joseph R. Nerges purchased 2,200 shares of the company's stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $14.21 per share, with a total value of $31,262.00. Following the transaction, the insider now owns 1,352,602 shares in the company, valued at approximately $19,220,474.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

CSP Inc. (NASDAQ:CSPI - Get Free Report) major shareholder Joseph R. Nerges bought 1,300 shares of the firm's stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $14.41 per share, with a total value of $18,733.00. Following the transaction, the insider now directly owns 1,346,371 shares of the company's stock, valued at $19,401,206.11. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

CSP Inc. (NASDAQ:CSPI - Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 487,000 shares, a drop of 5.7% from the April 15th total of 516,500 shares. Based on an average daily trading volume, of 182,100 shares, the days-to-cover ratio is presently 2.7 days.

CSP Inc. (NASDAQ:CSPI) declared a quarterly dividend on Wednesday, May 8th. Shareholders of record on Friday, May 24th will be given a dividend of 0.03 per share by the information technology services provider on Wednesday, June 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, May 23rd. This is a boost from CSP's previous quarterly dividend of $0.03.

CSP (NASDAQ:CSPI) will be releasing earnings before the market opens on Wednesday, May 8, Zacks reports.

CSP Inc. (NASDAQ:CSPI - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 463,500 shares, an increase of 15.0% from the March 15th total of 402,900 shares. Based on an average trading volume of 174,300 shares, the short-interest ratio is presently 2.7 days.

CSP Inc. (NASDAQ:CSPI - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 402,900 shares, an increase of 194.3% from the February 29th total of 136,900 shares. Based on an average trading volume of 164,600 shares, the days-to-cover ratio is currently 2.4 days.

CSP Inc. (NASDAQ:CSPI - Get Free Report) saw a significant increase in short interest in the month of February. As of February 29th, there was short interest totalling 136,900 shares, an increase of 45.5% from the February 14th total of 94,100 shares. Based on an average trading volume of 125,700 shares, the days-to-cover ratio is currently 1.1 days. Approximately 4.1% of the company's shares are sold short.

CSP Inc. (NASDAQ:CSPI - Get Free Report) insider Joseph R. Nerges bought 400 shares of CSP stock in a transaction on Friday, March 8th. The shares were purchased at an average cost of $36.12 per share, with a total value of $14,448.00. Following the completion of the purchase, the insider now directly owns 666,713 shares in the company, valued at $24,081,673.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.