Strattec Security Co. (NASDAQ:STRT) Sees Large Growth in Short Interest

Strattec Security Co. (NASDAQ:STRT - Get Free Report) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 18,300 shares, a growth of 53.8% from the January 31st total of 11,900 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 24,900 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Strattec Security from a "buy" rating to a "strong-buy" rating in a report on Friday, February 7th.

Strattec Security Stock Performance

Shares of NASDAQ STRT traded down $1.60 during mid-day trading on Thursday, hitting $45.49. The company had a trading volume of 23,396 shares, compared to its average volume of 18,699. The stock's 50-day moving average price is $42.60 and its 200-day moving average price is $40.40. The company has a market capitalization of $189.78 million, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.37 and a beta of 1.15. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. Strattec Security has a 1 year low of $21.05 and a 1 year high of $53.01.

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Insider Activity

In related news, COO Rolando Guillot sold 3,500 shares of Strattec Security stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $50.10, for a total value of $175,350.00. Following the completion of the sale, the chief operating officer now owns 36,443 shares of the company's stock, valued at approximately $1,825,794.30. This trade represents a 8.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.40% of the company's stock.

Institutional Trading of Strattec Security

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Strattec Security by 57.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company's stock valued at $71,000 after purchasing an additional 623 shares in the last quarter. Millennium Management LLC increased its position in shares of Strattec Security by 143.8% in the fourth quarter. Millennium Management LLC now owns 29,597 shares of the auto parts company's stock worth $1,219,000 after purchasing an additional 17,459 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Strattec Security by 42.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 39,978 shares of the auto parts company's stock valued at $1,647,000 after purchasing an additional 11,850 shares in the last quarter. Bank of America Corp DE lifted its position in Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock valued at $91,000 after purchasing an additional 1,280 shares during the last quarter. Finally, 683 Capital Management LLC bought a new position in shares of Strattec Security in the 4th quarter worth $351,000. Institutional investors own 68.91% of the company's stock.

Strattec Security Company Profile

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.