Strattec Security Co. (NASDAQ:STRT - Get Free Report) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 11,900 shares, a growth of 52.6% from the January 15th total of 7,800 shares. Based on an average daily trading volume, of 20,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company's stock are sold short.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Strattec Security from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.
Read Our Latest Report on STRT
Institutional Trading of Strattec Security
A number of institutional investors and hedge funds have recently made changes to their positions in STRT. Tower Research Capital LLC TRC acquired a new stake in shares of Strattec Security during the 4th quarter worth approximately $33,000. West Oak Capital LLC raised its position in shares of Strattec Security by 5,525.0% during the 4th quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company's stock worth $46,000 after purchasing an additional 1,105 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Strattec Security during the 3rd quarter worth approximately $47,000. JPMorgan Chase & Co. bought a new position in Strattec Security in the 3rd quarter worth approximately $69,000. Finally, Bank of America Corp DE grew its holdings in Strattec Security by 137.9% in the 4th quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company's stock worth $91,000 after buying an additional 1,280 shares in the last quarter. 68.91% of the stock is currently owned by institutional investors and hedge funds.
Strattec Security Stock Performance
Shares of Strattec Security stock traded down $1.47 on Monday, reaching $48.85. 46,643 shares of the company were exchanged, compared to its average volume of 14,929. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. The company's 50-day moving average is $40.73 and its two-hundred day moving average is $38.75. The firm has a market cap of $200.29 million, a price-to-earnings ratio of 12.21, a P/E/G ratio of 1.39 and a beta of 1.15. Strattec Security has a 1-year low of $21.05 and a 1-year high of $53.01.
About Strattec Security
(
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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.
Further Reading
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