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

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

Hedge Funds Weigh In On Climb Global Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System purchased a new stake in shares of Climb Global Solutions during the third quarter worth approximately $38,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Climb Global Solutions in the 4th quarter valued at approximately $120,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Climb Global Solutions in the 3rd quarter valued at $126,000. Quantbot Technologies LP purchased a new stake in shares of Climb Global Solutions during the 3rd quarter worth $147,000. Finally, SG Americas Securities LLC acquired a new position in shares of Climb Global Solutions during the third quarter worth $159,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Stock Down 1.5 %

NASDAQ:CLMB traded down $1.92 during trading hours on Monday, reaching $124.81. 38,228 shares of the stock were exchanged, compared to its average volume of 27,024. Climb Global Solutions has a twelve month low of $49.69 and a twelve month high of $142.50. The business has a 50-day moving average of $129.85 and a two-hundred day moving average of $107.69. The company has a market capitalization of $575.37 million, a price-to-earnings ratio of 33.82, a PEG ratio of 1.74 and a beta of 1.13.

Analyst Upgrades and Downgrades

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

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.