Steel Partners Holdings L.P. (NYSE:SPLP) Short Interest Update

Steel Partners Holdings L.P. (NYSE:SPLP) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 600 shares, a decline of 89.7% from the November 30th total of 5,800 shares. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Steel Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. De Lisle Partners LLP raised its position in Steel Partners by 83.0% in the 3rd 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 during the period. HighTower Advisors LLC lifted its stake in shares of Steel Partners by 2.5% during 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 during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in Steel Partners by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate’s stock valued at $22,207,000 after acquiring an additional 1,700 shares during the period. 50.75% of the stock is currently owned by hedge funds and other institutional investors.

Steel Partners Price Performance

Shares of NYSE SPLP traded down $0.19 during midday trading on Friday, reaching $42.25. 13,607 shares of the stock traded hands, compared to its average volume of 5,202. The company’s 50 day moving average is $41.30 and its 200 day moving average is $39.50. Steel Partners has a one year low of $33.12 and a one year high of $48.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.27 and a quick ratio of 1.16. The stock has a market capitalization of $810.57 million, a PE ratio of 4.33 and a beta of 1.38.

Analyst Upgrades and Downgrades

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

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.