Short Interest in Steel Partners Holdings L.P. (NYSE:SPLP) Rises By 37.5%

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. HighTower Advisors LLC increased its holdings in Steel Partners by 2.5% in the 3rd quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate’s stock worth $1,082,000 after acquiring an additional 635 shares in the last quarter. De Lisle Partners LLP increased 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 worth $924,000 after purchasing an additional 10,377 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Steel Partners by 3.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate’s stock worth $4,123,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Teton Advisors Inc. raised its position in shares of Steel Partners by 4.0% during the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock worth $553,000 after purchasing an additional 500 shares during the last quarter. 50.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Steel Partners Stock Performance

NYSE SPLP opened at $41.31 on Tuesday. The stock has a market capitalization of $792.55 million, a price-to-earnings ratio of 4.24 and a beta of 1.38. The stock has a 50-day moving average of $41.50 and a 200 day moving average of $40.99. 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 twelve month low of $34.55 and a twelve month high of $48.45.

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.