CSP Inc. (NASDAQ:CSPI) Short Interest Down 18.9% in June

CSP Inc. (NASDAQ:CSPI) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 18,000 shares, a decline of 18.9% from the May 30th total of 22,200 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 5.0 days. Currently, 0.6% of the company’s shares are sold short.

Shares of NASDAQ CSPI traded down $0.51 during trading on Friday, reaching $14.06. The stock had a trading volume of 3,438 shares, compared to its average volume of 2,096. CSP has a fifty-two week low of $8.78 and a fifty-two week high of $15.50. The stock has a 50-day moving average price of $14.68.

CSP (NASDAQ:CSPI) last released its earnings results on Wednesday, May 8th. The information technology services provider reported ($0.15) EPS for the quarter. CSP had a negative return on equity of 5.48% and a net margin of 20.03%. The company had revenue of $16.35 million for the quarter.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.60 annualized dividend and a yield of 4.27%.

About CSP

CSP Inc develops and markets IT integration solutions, security and managed services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide. The company's High Performance Products segment offers computing systems for digital signal processing applications in the defense market; Ethernet adapters and solutions for various applications in the packet capture, financial transaction, and storage interconnect markets; ARC Series adapters for financial trading and network monitoring; and nVoy Series products comprising 100G Packet Broker and 10G Packet Recorder, and specialized software under the Myricom brand.

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