CSI Compressco LP (NASDAQ:CCLP – Get Rating) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 189,500 shares, a decrease of 7.4% from the February 13th total of 204,600 shares. Based on an average daily volume of 152,500 shares, the days-to-cover ratio is presently 1.2 days.
CSI Compressco Price Performance
NASDAQ CCLP opened at $1.18 on Friday. The company’s 50-day simple moving average is $1.37 and its two-hundred day simple moving average is $1.30. CSI Compressco has a one year low of $1.04 and a one year high of $1.60.
CSI Compressco Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, January 30th. This represents a $0.04 dividend on an annualized basis and a yield of 3.39%. CSI Compressco’s dividend payout ratio is currently -25.00%.
Institutional Trading of CSI Compressco
Wall Street Analyst Weigh In
Separately, StockNews.com began coverage on CSI Compressco in a research report on Monday. They set a “buy” rating for the company.
About CSI Compressco
CSI Compressco LP engages in the provision of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It operates through the following geographical segments: United States, Latin America, Canada, and Other. The firm offers compression services, digitally enhanced compression, and parts and services.
- Get a free copy of the StockNews.com research report on CSI Compressco (CCLP)
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