Short Interest in Climb Global Solutions, Inc. (NASDAQ:CLMB) Expands By 13.4%

Climb Global Solutions, Inc. (NASDAQ:CLMB) saw a significant growth in short interest in 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 trading volume of 33,200 shares, the short-interest ratio is currently 2.8 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Climb Global Solutions

Several hedge funds and other institutional investors have recently modified their holdings of CLMB. Inspire Investing LLC acquired a new stake in shares of Climb Global Solutions in the fourth quarter valued at approximately $837,000. SG Americas Securities LLC increased its stake in shares of Climb Global Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock worth $245,000 after acquiring an additional 341 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Climb Global Solutions by 309.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $752,000 after acquiring an additional 5,711 shares during the period. Franklin Resources Inc. acquired a new position in shares of Climb Global Solutions during the 3rd quarter valued at about $302,000. Finally, Virtu Financial LLC purchased a new stake in shares of Climb Global Solutions in the third quarter valued at about $228,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Climb Global Solutions Stock Performance

Shares of CLMB opened at $130.17 on Monday. The stock has a 50 day moving average price of $129.07 and a 200 day moving average price of $102.83. Climb Global Solutions has a one year low of $49.69 and a one year high of $142.50. The stock has a market capitalization of $600.08 million, a price-to-earnings ratio of 35.28, a PEG ratio of 1.71 and a beta of 1.14.

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 issued a dividend of $0.17 per share. 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 payout ratio is 18.43%.

About Climb Global Solutions

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.