Steel Partners Holdings L.P. (NYSE:SPLP – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,700 shares, an increase of 850.0% from the December 15th total of 600 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.2% of the company’s shares are sold short.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on Steel Partners in a research report on Saturday. They set a “strong-buy” rating on the stock.
Read Our Latest Research Report on SPLP
Institutional Investors Weigh In On Steel Partners
Steel Partners Stock Performance
Shares of NYSE:SPLP traded up $1.14 during midday trading on Monday, reaching $44.00. The company’s stock had a trading volume of 1,351 shares, compared to its average volume of 1,707. Steel Partners has a twelve month low of $33.12 and a twelve month high of $48.45. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $844.14 million, a PE ratio of 4.51 and a beta of 1.39. The stock has a fifty day moving average of $41.74 and a 200 day moving average of $39.94.
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.
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