Steel Partners Holdings L.P. (NYSE:SPLP) Short Interest Update

Steel Partners Holdings L.P. (NYSE:SPLP) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 600 shares, a drop of 89.7% from the November 30th total of 5,800 shares. Based on an average daily volume of 3,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Steel Partners Stock Performance

SPLP stock traded up $0.27 during trading on Thursday, reaching $42.44. 522 shares of the company’s stock were exchanged, compared to its average volume of 5,157. Steel Partners has a 1-year low of $33.12 and a 1-year high of $48.45. The firm has a market cap of $814.21 million, a PE ratio of 4.35 and a beta of 1.38. The company’s fifty day moving average price is $41.27 and its 200-day moving average price is $39.44. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Steel Partners

Institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in Steel Partners by 2.5% during the 3rd 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 in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Steel Partners by 0.3% in the second quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate’s stock valued at $22,207,000 after buying an additional 1,700 shares during the period. Finally, De Lisle Partners LLP grew its holdings in Steel Partners by 83.0% during the third quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate’s stock worth $924,000 after acquiring an additional 10,377 shares during the period. Institutional investors and hedge funds own 50.75% of the company’s stock.

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.