Steel Partners Holdings L.P. (NYSE:SPLP) Short Interest Down 65.2% in January

Steel Partners Holdings L.P. (NYSE:SPLP) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 800 shares, a drop of 65.2% from the January 15th total of 2,300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,600 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Steel Partners

An institutional investor recently raised its position in Steel Partners stock. De Lisle Partners LLP increased its stake in Steel Partners Holdings L.P. (NYSE:SPLP) by 83.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,877 shares of the conglomerate’s stock after acquiring an additional 10,377 shares during the period. De Lisle Partners LLP owned about 0.12% of Steel Partners worth $924,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 50.75% of the company’s stock.

Steel Partners Price Performance

Shares of SPLP traded down $2.00 during midday trading on Wednesday, hitting $40.95. 2,640 shares of the company traded hands, compared to its average volume of 1,988. Steel Partners has a one year low of $33.12 and a one year high of $48.45. The firm has a market cap of $785.64 million, a P/E ratio of 4.20 and a beta of 1.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The stock has a 50-day moving average of $41.78 and a 200-day moving average of $40.56.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Steel Partners in a research report on Wednesday. They set a “strong-buy” rating for the company.

About Steel Partners

Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, Financial Services, and Supply Chain segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications.