CSI Compressco LP (NASDAQ:CCLP) Short Interest Up 20.4% in November

CSI Compressco LP (NASDAQ:CCLP) was the recipient of a large growth in short interest in the month of November. As of November 29th, there was short interest totalling 487,700 shares, a growth of 20.4% from the November 14th total of 405,100 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 96,200 shares, the short-interest ratio is presently 5.1 days.

Several institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC bought a new stake in shares of CSI Compressco during the 3rd quarter worth approximately $29,000. Marshall Wace LLP acquired a new position in CSI Compressco during the 1st quarter worth approximately $76,000. FMR LLC increased its position in CSI Compressco by 1.9% during the 1st quarter. FMR LLC now owns 1,744,183 shares of the oil and gas company’s stock worth $4,953,000 after purchasing an additional 33,320 shares in the last quarter. WealthTrust Axiom LLC increased its position in CSI Compressco by 7.9% during the 2nd quarter. WealthTrust Axiom LLC now owns 473,882 shares of the oil and gas company’s stock worth $1,677,000 after purchasing an additional 34,632 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its position in CSI Compressco by 89.7% during the 2nd quarter. Hilltop Holdings Inc. now owns 208,050 shares of the oil and gas company’s stock worth $736,000 after purchasing an additional 98,350 shares in the last quarter. 22.90% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded shares of CSI Compressco from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

Shares of CSI Compressco stock traded up $0.03 on Thursday, reaching $2.36. 4,578 shares of the stock were exchanged, compared to its average volume of 113,161. The firm’s 50 day moving average is $2.51 and its 200-day moving average is $3.04. CSI Compressco has a one year low of $2.10 and a one year high of $3.98. The company has a debt-to-equity ratio of 13.02, a quick ratio of 0.67 and a current ratio of 1.15. The firm has a market cap of $111.11 million, a PE ratio of -2.73 and a beta of 1.89.

CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.04). CSI Compressco had a negative return on equity of 34.88% and a negative net margin of 4.63%. The firm had revenue of $113.75 million for the quarter, compared to the consensus estimate of $120.79 million. On average, equities research analysts expect that CSI Compressco will post -0.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Thursday, October 31st. CSI Compressco’s dividend payout ratio (DPR) is presently -4.65%.

CSI Compressco Company Profile

CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration.

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