Short Interest Don’t Lie: What’s Ahead for Csg Systems International Incorporated (NASDAQ:CSGS) After More Shorted Shares?

November 30, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Don't Lie: What’s Ahead for Csg Systems International Incorporated (NASDAQ:CSGS) After More Shorted Shares?

The stock of Csg Systems International Incorporated (NASDAQ:CSGS) registered an increase of 0.54% in short interest. CSGS’s total short interest was 1.89M shares in November as published by FINRA. Its up 0.54% from 1.88M shares, reported previously. With 141,800 shares average volume, it will take short sellers 13 days to cover their CSGS’s short positions. The short interest to Csg Systems International Incorporated’s float is 6.86%. About 44,633 shares traded hands. CSG Systems International, Inc. (NASDAQ:CSGS) has declined 1.72% since April 27, 2016 and is downtrending. It has underperformed by 6.95% the S&P500.

CSG Systems International, Inc. is a well-known provider of business support solutions primarily serving the communications industry. The company has a market cap of $1.44 billion. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements. It has a 20.12 P/E ratio. The Company’s product solutions include cable and satellite care and billing, convergent rating and billing, mediation and data management, wholesale settlement and routing, customer interaction management, business intelligence, and content management and monetization.

Insitutional Activity: The institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.07, from 0.87 in 2016Q1. The ratio increased, as 21 funds sold all CSG Systems International, Inc. shares owned while 81 reduced positions. 24 funds bought stakes while 65 increased positions. They now own 31.44 million shares or 17.53% less from 38.12 million shares in 2016Q1.
First Mercantile Tru Co last reported 0.01% of its portfolio in the stock. Lpl Financial Limited Co last reported 0.01% of its portfolio in the stock. Sei Company accumulated 0% or 5,652 shares. Dimensional Fund L P has 0.03% invested in the company for 1.43 million shares. Highland Ltd Limited Liability Company accumulated 6,585 shares or 0.02% of the stock. Texas Permanent School Fund accumulated 0.01% or 24,805 shares. Rhumbline Advisers, a Massachusetts-based fund reported 44,294 shares. Pinebridge Invs Limited Partnership has 0.01% invested in the company for 4,114 shares. Schwab Charles Mgmt Inc has invested 0.01% of its portfolio in CSG Systems International, Inc. (NASDAQ:CSGS). The Missouri-based Amer Century Cos has invested 0.02% in CSG Systems International, Inc. (NASDAQ:CSGS). Mcf Advsrs Ltd Liability Corp accumulated 19 shares or 0% of the stock. Envestnet Asset has 0% invested in the company for 10,758 shares. Stevens Mgmt Lp accumulated 0.04% or 24,494 shares. Vident Invest Advisory Lc, a Georgia-based fund reported 51,954 shares. Gotham Asset Mgmt Ltd Llc holds 0.13% or 266,855 shares in its portfolio.

Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 2 selling transactions for $149,398 net activity. Johns Rolland B also sold $105,097 worth of CSG Systems International, Inc. (NASDAQ:CSGS) shares.

CSG Systems International, Inc. (NASDAQ:CSGS) Ratings Coverage

Out of 2 analysts covering CSG Systems (NASDAQ:CSGS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. CSG Systems has been the topic of 4 analyst reports since November 5, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, November 5 by Stifel Nicolaus. The stock has “Equal-Weight” rating given by First Analysis on Thursday, November 5. Stifel Nicolaus maintained it with “Buy” rating and $7 target price in Thursday, March 17 report. The company was maintained on Thursday, September 22 by Stifel Nicolaus.

CSGS Company Profile

CSG Systems International, Inc. (CSG), incorporated on October 17, 1994, is a well-known provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection, and accounts receivables management of monthly customer statements. The Company’s primary product solutions include cable and satellite care and billing, content management and monetization, convergent rating and billing, mediation and data management, wholesale settlement and routing, customer interaction management, business intelligence, and content management and monetization.

More news for CSG Systems International, Inc. (NASDAQ:CSGS) were recently published by: Businesswire.com, which released: “CSG Systems International Approves Quarterly Dividend” on November 21, 2016. Nasdaq.com‘s article titled: “CSG Systems International Inc Reveals 2% Increase In Q3 Earnings” and published on November 02, 2016 is yet another important article.

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By Linda Rogers


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