Breaking Short Interest: Could Csp Incorporated (NASDAQ:CSPI) Go Down After Its Newest Short Interest Report?

November 30, 2016 - By Louis Casey   ·   0 Comments

Breaking Short Interest: Could Csp Incorporated (NASDAQ:CSPI) Go Down After Its Newest Short Interest Report?

The stock of Csp Incorporated (NASDAQ:CSPI) registered a decrease of 75.41% in short interest. CSPI’s total short interest was 1,500 shares in November as published by FINRA. Its down 75.41% from 6,100 shares, reported previously. With 18,000 shares average volume, it will take short sellers 0 days to cover their CSPI’s short positions. The short interest to Csp Incorporated’s float is 0.05%. About 450 shares traded hands. CSP Inc. (NASDAQ:CSPI) has risen 64.21% since April 27, 2016 and is uptrending. It has outperformed by 58.98% the S&P500.

CSP Inc. and its subsidiaries develop and market information technology (IT) integration solutions, advanced security and managed services and purpose built network adapters, as well as cluster computer systems. The company has a market cap of $42.18 million. The Firm operates through two divisions: High Performance Products (HPP) and Technology Solutions (TS). It has a 15.32 P/E ratio. The Company’s HPP segment creates and makes computing systems for digital signal processing (DSP) applications within the defense market and network Ethernet adapters that are offered to both commercial and government customers.

Insitutional Activity: The institutional sentiment increased to 3.67 in Q2 2016. Its up 1.00, from 2.67 in 2016Q1. The ratio improved, as 2 funds sold all CSP Inc. shares owned while 1 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 842,258 shares or 49.37% less from 1.66 million shares in 2016Q1.
Kcg reported 10,149 shares or 0% of all its holdings. Wells Fargo Mn last reported 0% of its portfolio in the stock. Ladenburg Thalmann Inc owns 1,100 shares or 0% of their US portfolio. California Pub Employees Retirement holds 0% of its portfolio in CSP Inc. (NASDAQ:CSPI) for 216,453 shares. Acadian Asset Mgmt Lc has 0% invested in the company for 1,728 shares. Grt Ptnrs Lc accumulated 0.05% or 25,143 shares. Vanguard has 79,308 shares for 0% of their US portfolio. Tower Rech Limited Liability Company (Trc) holds 884 shares or 0% of its portfolio. Blackrock Fund last reported 624 shares in the company. Deutsche Savings Bank Ag holds 0% or 3,049 shares in its portfolio. Dimensional Fund Advsr Limited Partnership holds 296,620 shares or 0% of its portfolio. Bridgeway Capital Mngmt last reported 0% of its portfolio in the stock. The New York-based Renaissance Technologies Ltd Liability Corporation has invested 0% in CSP Inc. (NASDAQ:CSPI).

Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 1 insider sale for $18,820 net activity. JAMES C SHELTON had sold 2,000 shares worth $18,820 on Friday, August 26.

CSPI Company Profile

CSP Inc. (CSPI), incorporated on September 3, 1968, along with its subsidiaries develops and markets information technology (IT) integration solutions and high-performance cluster computer systems. The Firm operates in two divisions: Systems segment, and Service and System Integration segment. The Systems segment consists primarily of CSPI’s MultiComputer Division (MultiComputer Division) which creates and makes commercial high-performance computer signal processing systems for a variety of complex real time applications in defense and commercial markets. The Service and System Integration Segment consists of the computer maintenance, integration services and third-party computer hardware and software value added reseller (VAR) businesses of its Modcomp subsidiary (Modcomp).

Another recent and important CSP Inc. (NASDAQ:CSPI) news was published by Globenewswire.com which published an article titled: “CSP Inc. Appoints Ismail Azeri to Its Board of Directors” on January 04, 2016.

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By Louis Casey

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