Steel Partners Holdings L.P. (NYSE:SPLP) Sees Significant Increase in Short Interest

Steel Partners Holdings L.P. (NYSE:SPLP) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,100 shares, a growth of 37.5% from the January 31st total of 800 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Steel Partners Trading Down 1.5 %

Shares of NYSE SPLP traded down $0.61 during trading hours on Wednesday, reaching $40.90. The stock had a trading volume of 130 shares, compared to its average volume of 4,869. The firm has a market cap of $784.57 million, a price-to-earnings ratio of 4.19 and a beta of 1.38. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. Steel Partners has a 52-week low of $34.55 and a 52-week high of $48.45. The business’s fifty day moving average price is $41.48 and its two-hundred day moving average price is $41.01.

Institutional Trading of Steel Partners

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Teton Advisors Inc. raised its holdings in shares of Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock valued at $553,000 after purchasing an additional 500 shares in the last quarter. De Lisle Partners LLP boosted its stake in shares of Steel Partners by 83.0% during the third quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate’s stock valued at $924,000 after acquiring an additional 10,377 shares during the last quarter. HighTower Advisors LLC increased its stake in Steel Partners by 2.5% in the third quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate’s stock valued at $1,082,000 after purchasing an additional 635 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Steel Partners by 3.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate’s stock valued at $4,123,000 after purchasing an additional 3,300 shares during the last quarter. 50.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Steel Partners in a research note on Friday, February 28th. They issued 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.