CSI Compressco LP (NASDAQ:CCLP) Short Interest Update

CSI Compressco LP (NASDAQ:CCLP) was the recipient of a large increase in short interest in the month of February. As of February 29th, there was short interest totalling 65,000 shares, an increase of 6.4% from the February 14th total of 61,100 shares. Based on an average trading volume of 147,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On CSI Compressco

A number of institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new stake in shares of CSI Compressco during the 4th quarter valued at about $262,000. PenderFund Capital Management Ltd. acquired a new stake in shares of CSI Compressco during the 4th quarter valued at about $135,000. Crystalline Management Inc. acquired a new stake in shares of CSI Compressco during the 4th quarter valued at about $29,000. King Luther Capital Management Corp acquired a new stake in shares of CSI Compressco during the 4th quarter valued at about $204,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in CSI Compressco in the 3rd quarter valued at about $49,000. 23.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on CSI Compressco in a research report on Wednesday, March 13th. They set a “buy” rating on the stock.

CSI Compressco Price Performance

CCLP traded down $0.02 during midday trading on Monday, hitting $2.21. 65,197 shares of the company were exchanged, compared to its average volume of 145,877. The company’s 50 day simple moving average is $1.95 and its 200 day simple moving average is $1.62. CSI Compressco has a 1-year low of $1.04 and a 1-year high of $2.32.

CSI Compressco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, January 30th. CSI Compressco’s dividend payout ratio is currently -57.14%.

About CSI Compressco

CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.