Short Interest in CompX International Inc. (NYSEAMERICAN:CIX) Declines By 8.0%

CompX International Inc. (NYSEAMERICAN:CIXGet Rating) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 26,400 shares, a decline of 8.0% from the October 15th total of 28,700 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 8,100 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Investors Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. Bank of New York Mellon Corp lifted its stake in CompX International Inc. (NYSEAMERICAN:CIXGet Rating) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,055 shares of the company’s stock after purchasing an additional 966 shares during the period. Bank of New York Mellon Corp owned 0.25% of CompX International worth $505,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.73% of the company’s stock.

CompX International Stock Up 3.9 %

Shares of CompX International stock opened at $19.00 on Friday. CompX International has a twelve month low of $16.01 and a twelve month high of $28.75. The company’s 50 day moving average is $23.33 and its 200 day moving average is $22.82. The company has a market cap of $233.83 million, a price-to-earnings ratio of 12.26 and a beta of 0.56.

CompX International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Thursday, December 1st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Wednesday, November 30th. CompX International’s dividend payout ratio is 64.52%.

About CompX International

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CompX International Inc manufactures and sells security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electrical circuit panels, storage compartments, gas station security, and vending and cash containment machines.

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