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

Steel Partners Holdings L.P. (NYSE:SPLP) was the target 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is presently 0.3 days.

Steel Partners Trading Down 1.5 %

SPLP traded down $0.61 during trading on Wednesday, reaching $40.90. 130 shares of the company’s stock were exchanged, compared to its average volume of 4,869. The company’s fifty day moving average price is $41.48 and its 200-day moving average price is $41.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. The firm has a market capitalization of $784.57 million, a PE ratio of 4.19 and a beta of 1.38. Steel Partners has a fifty-two week low of $34.55 and a fifty-two week high of $48.45.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Steel Partners in a report on Friday, February 28th. They set a “strong-buy” rating on the stock.

Institutional Investors Weigh In On Steel Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPLP. Teton Advisors Inc. boosted its position in shares of Steel Partners by 4.0% during the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock worth $553,000 after purchasing an additional 500 shares in the last quarter. De Lisle Partners LLP raised its holdings in shares of Steel Partners by 83.0% in the 3rd quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate’s stock valued at $924,000 after purchasing an additional 10,377 shares during the period. HighTower Advisors LLC increased its holdings 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 period. Finally, Gamco Investors INC. ET AL increased its stake in 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 buying an additional 3,300 shares during the last quarter. Institutional investors own 50.75% of the company’s stock.

Steel Partners Company Profile

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.