Climb Global Solutions, Inc. (NASDAQ:CLMB) Sees Significant Growth in Short Interest

Climb Global Solutions, Inc. (NASDAQ:CLMB) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 92,000 shares, a growth of 13.4% from the December 15th total of 81,100 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is currently 2.8 days.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $136.00 price objective on shares of Climb Global Solutions in a research report on Thursday, December 12th.

Institutional Investors Weigh In On Climb Global Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in Climb Global Solutions during the third quarter worth approximately $38,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Climb Global Solutions during the third quarter worth $126,000. Quantbot Technologies LP purchased a new stake in shares of Climb Global Solutions in the third quarter valued at $147,000. SG Americas Securities LLC purchased a new stake in shares of Climb Global Solutions in the third quarter valued at $159,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Climb Global Solutions in the third quarter valued at $222,000. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Climb Global Solutions Trading Up 2.5 %

Shares of NASDAQ:CLMB traded up $3.21 on Friday, hitting $130.17. The company had a trading volume of 21,790 shares, compared to its average volume of 25,400. The company has a market cap of $599.69 million, a PE ratio of 35.28, a PEG ratio of 1.71 and a beta of 1.14. Climb Global Solutions has a 52-week low of $49.69 and a 52-week high of $142.50. The business has a 50 day moving average of $129.07 and a 200 day moving average of $102.54.

Climb Global Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. Climb Global Solutions’s dividend payout ratio is currently 18.43%.

Climb Global Solutions Company Profile

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.