CompX International Inc. (NYSEAMERICAN:CIX) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totalling 10,500 shares, a growth of 118.8% from the February 27th total of 4,800 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 1,700 shares, the short-interest ratio is presently 6.2 days.
Several hedge funds and other institutional investors have recently bought and sold shares of CIX. Denali Advisors LLC bought a new position in shares of CompX International in the fourth quarter valued at $141,000. State Street Corp bought a new position in shares of CompX International in the fourth quarter valued at $220,000. Renaissance Technologies LLC increased its holdings in shares of CompX International by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 187,700 shares of the company’s stock valued at $2,739,000 after buying an additional 7,800 shares in the last quarter. UBS Group AG increased its holdings in shares of CompX International by 65.3% in the fourth quarter. UBS Group AG now owns 3,295 shares of the company’s stock valued at $48,000 after buying an additional 1,302 shares in the last quarter. Finally, Minerva Advisors LLC increased its holdings in shares of CompX International by 20.8% in the fourth quarter. Minerva Advisors LLC now owns 30,951 shares of the company’s stock valued at $451,000 after buying an additional 5,335 shares in the last quarter.
CIX traded up $1.55 during trading on Thursday, reaching $15.10. The stock had a trading volume of 11,069 shares, compared to its average volume of 3,701. CompX International has a 1-year low of $10.53 and a 1-year high of $17.57.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.40 annualized dividend and a dividend yield of 2.65%. This is a boost from CompX International’s previous quarterly dividend of $0.07.
CompX International Company Profile
CompX International Inc engages in the manufacture and sale of security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and cash containment machines, high security medical cabinetry, electrical circuit panels, storage compartments, and gas station security.
Further Reading: Inverted Yield Curve
Receive News & Ratings for CompX International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CompX International and related companies with MarketBeat.com's FREE daily email newsletter.