Short Interest in Steel Partners Holdings L.P. (NYSE:SPLP) Decreases By 40.0%

Steel Partners Holdings L.P. (NYSE:SPLP) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,100 shares, a decline of 40.0% from the October 31st total of 3,500 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.1% of the shares of the stock are sold short.

Steel Partners Trading Up 6.0 %

NYSE:SPLP traded up $2.49 on Thursday, hitting $43.99. The stock had a trading volume of 102,765 shares, compared to its average volume of 5,503. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. The stock has a market cap of $843.95 million, a price-to-earnings ratio of 4.51 and a beta of 1.36. The company has a fifty day moving average price of $40.52 and a two-hundred day moving average price of $38.93. Steel Partners has a 1-year low of $33.12 and a 1-year high of $43.99.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Steel Partners

Institutional investors and hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC lifted its holdings in shares of Steel Partners by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 596,503 shares of the conglomerate’s stock worth $22,207,000 after acquiring an additional 1,700 shares during the last quarter. HighTower Advisors LLC grew its position in Steel Partners by 2.5% in the 3rd quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate’s stock valued at $1,082,000 after acquiring an additional 635 shares in the last quarter. Finally, De Lisle Partners LLP increased its stake in Steel Partners by 83.0% during the third 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. 50.75% of the stock is currently owned by institutional investors and hedge funds.

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.