CSI Compressco LP (NASDAQ:CCLP) Short Interest Down 25.5% in July – MarketBeat

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CSI Compressco LP (NASDAQ:CCLPGet Rating) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 114,800 shares, a decrease of 25.5% from the July 15th total of 154,000 shares. Based on an average daily trading volume, of 92,300 shares, the short-interest ratio is currently 1.2 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On CSI Compressco

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Augustine Asset Management Inc. raised its position in shares of CSI Compressco by 300.0% during the 2nd quarter. Augustine Asset Management Inc. now owns 400,000 shares of the oil and gas company’s stock worth $524,000 after acquiring an additional 300,000 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in CSI Compressco during the 1st quarter worth approximately $132,000. Invesco Ltd. grew its stake in CSI Compressco by 105.3% during the 1st quarter. Invesco Ltd. now owns 10,829,797 shares of the oil and gas company’s stock worth $15,162,000 after buying an additional 5,555,555 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in CSI Compressco during the 1st quarter worth approximately $3,458,000. Finally, AEGON USA Investment Management LLC grew its stake in CSI Compressco by 266.4% during the 1st quarter. AEGON USA Investment Management LLC now owns 1,706,411 shares of the oil and gas company’s stock worth $2,389,000 after buying an additional 1,240,741 shares during the last quarter. Institutional investors and hedge funds own 6.53% of the company’s stock.

CSI Compressco Stock Down 2.3 %

Shares of CCLP opened at $1.25 on Friday. The company has a debt-to-equity ratio of 544.56, a quick ratio of 1.00 and a current ratio of 1.68. The firm has a market cap of $176.51 million, a P/E ratio of -2.19 and a beta of 1.00. The firm’s 50-day simple moving average is $1.31 and its 200 day simple moving average is $1.37. CSI Compressco has a 52 week low of $1.11 and a 52 week high of $1.90.
CSI Compressco (NASDAQ:CCLPGet Rating) last issued its earnings results on Friday, May 13th. The oil and gas company reported ($0.05) earnings per share for the quarter. The firm had revenue of $80.01 million during the quarter.

CSI Compressco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Thursday, July 28th. CSI Compressco’s dividend payout ratio (DPR) is presently -7.02%.

About CSI Compressco

(Get Rating)
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.

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