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

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 3,400 shares, a drop of 42.4% from the March 31st total of 5,900 shares. Based on an average trading volume of 7,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company's shares are short sold.

Steel Partners Stock Down 0.5 %

Shares of SPLP stock traded down $0.19 during trading on Friday, reaching $36.75. The company's stock had a trading volume of 1,694 shares, compared to its average volume of 8,378. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.27 and a quick ratio of 1.17. The company has a market capitalization of $749.33 million, a price-to-earnings ratio of 5.72 and a beta of 1.26. The stock's 50-day moving average price is $38.06 and its 200 day moving average price is $10,069.35. Steel Partners has a 1-year low of $33.12 and a 1-year high of $48.00.

Steel Partners (NYSE:SPLP - Get Free Report) last announced its quarterly earnings data on Friday, March 8th. The conglomerate reported $1.75 earnings per share for the quarter. Steel Partners had a net margin of 7.92% and a return on equity of 16.41%. The firm had revenue of $466.91 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Steel Partners in a report on Monday. They issued a "strong-buy" rating for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Steel Partners stock. HighTower Advisors LLC boosted its position in shares of Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,065 shares of the conglomerate's stock after acquiring an additional 522 shares during the period. HighTower Advisors LLC owned about 0.11% of Steel Partners worth $1,023,000 as of its most recent SEC filing. Institutional investors and hedge funds own 50.75% of the company's stock.

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.