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

Key Points

• Steel Partners Holdings L.P. experienced a significant drop in short interest, falling by 50% in July, with only 200 shares short sold as of July 31st.
• The company recently declared a $0.375 dividend with a remarkable yield of 384.0% and a payout ratio of 3.79%.
• Steel Partners has been upgraded to a "strong-buy" rating by Wall Street Zen, highlighting positive analyst sentiment towards the stock.

Steel Partners Holdings L.P. (NYSE:SPLP - Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 200 shares, adeclineof50.0% from the July 15th total of 400 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 0.3 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Steel Partners

An institutional investor recently bought a new position in Steel Partners stock. Axxcess Wealth Management LLC bought a new stake in shares of Steel Partners Holdings L.P. (NYSE:SPLP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,051 shares of the conglomerate's stock, valued at approximately $330,000. 50.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Steel Partners in a research report on Monday, May 19th. They set a "strong-buy" rating for the company.

Steel Partners Stock Performance

Shares of SPLP remained flat at $42.80 during midday trading on Friday. The stock had a trading volume of 77 shares, compared to its average volume of 3,133. The business has a 50-day moving average price of $41.14 and a 200-day moving average price of $39.88. Steel Partners has a 1 year low of $27.95 and a 1 year high of $48.45. 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 firm has a market capitalization of $856.09 million, a P/E ratio of 4.39 and a beta of 1.30.

Steel Partners Dividend Announcement

The company also recently disclosed a dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were issued a $0.375 dividend. This represents a dividend yield of 384.0%. The ex-dividend date was Friday, May 30th. Steel Partners's dividend payout ratio is presently 3.79%.

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.