Strattec Security Co. (NASDAQ:STRT) Short Interest Update

Strattec Security Co. (NASDAQ:STRT - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 19,400 shares, a drop of 53.0% from the May 15th total of 41,300 shares. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the stock are sold short.

Strattec Security Price Performance

Shares of STRT traded down $1.36 during trading hours on Friday, reaching $57.96. 61,561 shares of the company's stock traded hands, compared to its average volume of 25,146. The stock has a market cap of $241.58 million, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.37 and a beta of 1.39. The company has a current ratio of 2.60, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The firm's 50 day simple moving average is $44.17 and its 200-day simple moving average is $42.91. Strattec Security has a 12 month low of $21.05 and a 12 month high of $61.77.

Strattec Security (NASDAQ:STRT - Get Free Report) last released its earnings results on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.55. The company had revenue of $144.08 million during the quarter, compared to the consensus estimate of $140.84 million. Strattec Security had a return on equity of 7.76% and a net margin of 2.92%. Equities analysts expect that Strattec Security will post 3.67 EPS for the current year.

Hedge Funds Weigh In On Strattec Security

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in shares of Strattec Security during the fourth quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Strattec Security by 57.1% during the fourth 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. Bank of America Corp DE boosted its position in shares of 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 in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Strattec Security during the first quarter valued at approximately $91,000. Finally, JPMorgan Chase & Co. boosted its holdings in Strattec Security by 172.0% in the fourth quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company's stock worth $181,000 after acquiring an additional 2,777 shares in the last quarter. 68.91% of the stock is owned by hedge funds and other institutional investors.

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.