Steel Partners Holdings L.P. (NYSE:SPLP) Short Interest Up 657.9% in April

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 14,400 shares, an increase of 657.9% from the March 31st total of 1,900 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.5% of the company's stock are short sold.

Hedge Funds Weigh In On Steel Partners

Hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted its stake in shares of Steel Partners by 3.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock valued at $4,123,000 after purchasing an additional 3,300 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Steel Partners by 2.2% in the 4th quarter. HighTower Advisors LLC now owns 26,997 shares of the conglomerate's stock worth $1,149,000 after purchasing an additional 577 shares during the period. Teton Advisors Inc. lifted its position in shares of Steel Partners by 4.0% in the 4th quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock worth $553,000 after purchasing an additional 500 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Steel Partners in the 1st quarter worth approximately $330,000. 50.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Steel Partners in a research report on Friday, April 25th. They issued a "strong-buy" rating on the stock.

Steel Partners Stock Performance

NYSE:SPLP traded up $0.90 during mid-day trading on Thursday, reaching $35.45. 2,581 shares of the company's stock were exchanged, compared to its average volume of 3,800. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.27. Steel Partners has a one year low of $27.95 and a one year high of $48.45. The firm has a market capitalization of $678.81 million, a PE ratio of 3.64 and a beta of 1.01. The business's fifty day simple moving average is $38.92 and its two-hundred day simple moving average is $40.53.

Steel Partners (NYSE:SPLP - Get Free Report) last released its earnings results on Tuesday, March 11th. The conglomerate reported $3.40 EPS for the quarter. Steel Partners had a net margin of 11.43% and a return on equity of 21.72%. The firm had revenue of $497.92 million for the quarter.

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.