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

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) was the target of a large increase in short interest during 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Steel Partners in a research report on Friday, February 28th. They issued a "strong-buy" rating for the company.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SPLP. Teton Advisors Inc. boosted its position in Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock valued at $553,000 after buying an additional 500 shares during the period. De Lisle Partners LLP raised 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 valued at $924,000 after acquiring an additional 10,377 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Steel Partners by 2.5% in the third quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate's stock valued at $1,082,000 after purchasing an additional 635 shares during the period. Finally, Gamco Investors INC. ET AL grew 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 purchasing an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 50.75% of the company's stock.

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Steel Partners Trading Down 2.4 %

Shares of NYSE:SPLP traded down $1.00 during trading hours on Friday, hitting $40.56. 1,327 shares of the company's stock traded hands, compared to its average volume of 4,855. 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 business has a fifty day moving average price of $41.42 and a 200-day moving average price of $41.00. Steel Partners has a 1 year low of $34.55 and a 1 year high of $48.45. The firm has a market capitalization of $778.14 million, a P/E ratio of 4.16 and a beta of 1.37.

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.