Climb Global Solutions, Inc. (NASDAQ:CLMB) Short Interest Update

Climb Global Solutions, Inc. (NASDAQ:CLMB) was the recipient 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. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 33,200 shares, the short-interest ratio is presently 2.8 days.

Institutional Trading of Climb Global Solutions

Institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its position in shares of Climb Global Solutions by 12.5% in the third quarter. State Street Corp now owns 62,692 shares of the company’s stock worth $6,240,000 after buying an additional 6,979 shares during the period. Franklin Resources Inc. acquired a new stake in Climb Global Solutions in the third quarter valued at approximately $302,000. Barclays PLC lifted its position in shares of Climb Global Solutions by 59.0% during the third quarter. Barclays PLC now owns 8,597 shares of the company’s stock worth $856,000 after purchasing an additional 3,189 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Climb Global Solutions in the third quarter valued at $516,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Climb Global Solutions in the third quarter valued at $38,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Climb Global Solutions Stock Performance

Shares of NASDAQ:CLMB traded up $3.21 during trading on Friday, reaching $130.17. 21,790 shares of the stock were exchanged, compared to its average volume of 25,400. The firm’s 50-day moving average price is $129.07 and its 200 day moving average price is $102.54. The firm has a market cap of $599.69 million, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 1.71 and a beta of 1.14. Climb Global Solutions has a 12-month low of $49.69 and a 12-month high of $142.50.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, November 8th. Climb Global Solutions’s dividend payout ratio is presently 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.