CSI Compressco LP (NASDAQ:CCLP) was the target of a significant increase in short interest during the month of November. As of November 29th, there was short interest totalling 487,700 shares, an increase of 20.4% from the November 14th total of 405,100 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average trading volume of 96,200 shares, the short-interest ratio is currently 5.1 days.

Shares of NASDAQ:CCLP traded down $0.02 during mid-day trading on Friday, reaching $2.33. 24,663 shares of the company were exchanged, compared to its average volume of 102,196. CSI Compressco has a 1 year low of $2.10 and a 1 year high of $3.98. The company has a debt-to-equity ratio of 13.02, a quick ratio of 0.67 and a current ratio of 1.15. The firm’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $3.03.

CSI Compressco (NASDAQ:CCLP) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). CSI Compressco had a negative net margin of 4.63% and a negative return on equity of 34.88%. The firm had revenue of $113.75 million during the quarter, compared to analysts’ expectations of $120.79 million. Equities research analysts forecast that CSI Compressco will post -0.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Friday, November 1st were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.72%. CSI Compressco’s payout ratio is presently -4.65%.

Several hedge funds and other institutional investors have recently modified their holdings of CCLP. Commonwealth Equity Services LLC purchased a new stake in shares of CSI Compressco in the 3rd quarter valued at $29,000. Marshall Wace LLP purchased a new position in CSI Compressco during the 1st quarter valued at about $76,000. Hilltop Holdings Inc. boosted its holdings in CSI Compressco by 89.7% during the 2nd quarter. Hilltop Holdings Inc. now owns 208,050 shares of the oil and gas company’s stock valued at $736,000 after acquiring an additional 98,350 shares during the period. Wiley BROS. Aintree Capital LLC grew its position in CSI Compressco by 30.5% in the 3rd quarter. Wiley BROS. Aintree Capital LLC now owns 440,168 shares of the oil and gas company’s stock valued at $1,303,000 after acquiring an additional 102,849 shares in the last quarter. Finally, B. Riley Financial Inc. acquired a new position in CSI Compressco in the 2nd quarter valued at about $1,343,000. 22.90% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut shares of CSI Compressco from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

CSI Compressco Company Profile

CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration.

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