CSP Inc. (NASDAQ:CSPI) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 800 shares, a decrease of 66.7% from the June 30th total of 2,400 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 5,100 shares, the short-interest ratio is presently 0.2 days.
Shares of NASDAQ CSPI opened at $7.44 on Friday. The stock has a 50 day moving average price of $8.02 and a 200 day moving average price of $9.82. CSP has a 52 week low of $4.51 and a 52 week high of $15.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.82 and a quick ratio of 2.37.
CSP (NASDAQ:CSPI) last issued its quarterly earnings results on Thursday, May 14th. The information technology services provider reported ($0.18) EPS for the quarter. CSP had a negative net margin of 1.41% and a negative return on equity of 3.54%. The company had revenue of $16.10 million for the quarter.
A hedge fund recently bought a new stake in CSP stock. Atlanta Financial Associates LLC ADV purchased a new stake in shares of CSP Inc. (NASDAQ:CSPI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,389 shares of the information technology services provider’s stock, valued at approximately $205,000. Atlanta Financial Associates LLC ADV owned about 0.70% of CSP as of its most recent filing with the Securities and Exchange Commission (SEC). 29.94% of the stock is currently owned by hedge funds and other institutional investors.
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.
Read More: How Buying a Call Option Works
Receive News & Ratings for CSP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSP and related companies with MarketBeat.com's FREE daily email newsletter.