CSP Inc. (NASDAQ:CSPI) Short Interest Update

CSP Inc. (NASDAQ:CSPIGet Rating) saw a large decrease in short interest in July. As of July 15th, there was short interest totalling 1,600 shares, a decrease of 15.8% from the June 30th total of 1,900 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Insider Activity at CSP

In other CSP news, insider Joseph R. Nerges acquired 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was bought at an average price of $7.74 per share, with a total value of $27,090.00. Following the purchase, the insider now owns 469,093 shares in the company, valued at $3,630,779.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CSP news, insider Joseph R. Nerges acquired 3,559 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was bought at an average price of $9.33 per share, with a total value of $33,205.47. Following the purchase, the insider now owns 493,900 shares in the company, valued at $4,608,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph R. Nerges purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was purchased at an average cost of $7.74 per share, with a total value of $27,090.00. Following the purchase, the insider now owns 469,093 shares in the company, valued at $3,630,779.82. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 15,763 shares of company stock valued at $139,064. Corporate insiders own 12.90% of the company’s stock.

Institutional Investors Weigh In On CSP

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in CSP by 100.0% during the 1st quarter. JPMorgan Chase & Co. now owns 4,000 shares of the information technology services provider’s stock worth $31,000 after buying an additional 2,000 shares in the last quarter. State Street Corp acquired a new stake in CSP during the 1st quarter worth approximately $80,000. Mercer Global Advisors Inc. ADV lifted its holdings in CSP by 14.5% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 39,389 shares of the information technology services provider’s stock worth $307,000 after buying an additional 5,000 shares in the last quarter. Finally, Visionary Wealth Advisors lifted its holdings in CSP by 0.9% during the 1st quarter. Visionary Wealth Advisors now owns 273,002 shares of the information technology services provider’s stock worth $2,151,000 after buying an additional 2,369 shares in the last quarter. 24.36% of the stock is currently owned by institutional investors and hedge funds.

CSP Stock Performance

Shares of CSPI stock opened at $7.70 on Friday. The firm’s 50 day moving average price is $8.71 and its 200-day moving average price is $8.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.93 and a current ratio of 3.21. CSP has a one year low of $6.61 and a one year high of $10.46. The firm has a market cap of $34.90 million, a P/E ratio of 256.75 and a beta of 1.38.

CSP (NASDAQ:CSPIGet Rating) last issued its quarterly earnings data on Wednesday, May 11th. The information technology services provider reported $0.03 EPS for the quarter. CSP had a net margin of 0.29% and a negative return on equity of 0.98%. The firm had revenue of $11.98 million for the quarter.

About CSP

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CSP Inc develops and markets IT integration solutions, security products, managed IT 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.

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