Short Interest in Steel Partners Holdings L.P. (NYSE:SPLP) Decreases By 18.7%

Steel Partners Holdings L.P. (NYSE:SPLP) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 6,100 shares, a decrease of 18.7% from the May 15th total of 7,500 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,100 shares, the short-interest ratio is presently 0.8 days.

Steel Partners Price Performance

NYSE:SPLP remained flat at $36.50 during trading hours on Friday. The company had a trading volume of 321 shares, compared to its average volume of 685. The firm has a market capitalization of $744.24 million, a P/E ratio of 5.34 and a beta of 1.34. Steel Partners has a 1-year low of $33.12 and a 1-year high of $48.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 1.13. The firm has a fifty day moving average of $37.87 and a 200 day moving average of $10,068.65.

Steel Partners (NYSE:SPLP) last issued its quarterly earnings results on Wednesday, May 8th. The conglomerate reported $1.50 earnings per share (EPS) for the quarter. The business had revenue of $476.35 million for the quarter. Steel Partners had a return on equity of 16.61% and a net margin of 8.27%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Steel Partners in a research report on Sunday, June 9th. They issued a “strong-buy” rating on the stock.

Institutional Investors Weigh In On Steel Partners

An institutional investor recently raised its position in Steel Partners stock. Teton Advisors Inc. boosted its holdings in shares of Steel Partners Holdings L.P. (NYSE:SPLP) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,200 shares of the conglomerate’s stock after purchasing an additional 400 shares during the period. Teton Advisors Inc.’s holdings in Steel Partners were worth $408,000 at the end of the most recent quarter. 50.75% of the stock is owned by hedge funds and other institutional investors.

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.