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

Steel Partners Holdings L.P. (NYSE:SPLP) was the recipient of a significant growth in short interest in 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 company’s shares are sold short. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Steel Partners in a research note on Friday, February 28th. They set a “strong-buy” rating for the company.

Institutional Trading of Steel Partners

A number of hedge funds have recently added to or reduced their stakes in SPLP. Teton Advisors Inc. lifted its stake in Steel Partners by 4.0% in the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate’s stock worth $553,000 after acquiring an additional 500 shares during the period. De Lisle Partners LLP lifted its stake in Steel Partners by 83.0% in 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. HighTower Advisors LLC lifted 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 worth $1,082,000 after acquiring an additional 635 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in Steel Partners by 3.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate’s stock worth $4,123,000 after acquiring an additional 3,300 shares during the period. 50.75% of the stock is owned by hedge funds and other institutional investors.

Steel Partners Stock Down 1.5 %

Shares of SPLP opened at $40.90 on Thursday. The firm has a market capitalization of $784.57 million, a P/E ratio of 4.19 and a beta of 1.37. Steel Partners has a 12-month low of $34.55 and a 12-month high of $48.45. The company has a current ratio of 1.27, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $41.45 and a 200-day moving average price of $41.01.

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.