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

Strattec Security Co. (NASDAQ:STRT) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 6,800 shares, a growth of 23.6% from the November 15th total of 5,500 shares. Based on an average trading volume of 19,100 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Strattec Security in the 3rd quarter valued at $47,000. Barclays PLC grew its position in shares of Strattec Security by 126.0% in the third quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock valued at $169,000 after purchasing an additional 2,202 shares during the period. Essex Investment Management Co. LLC purchased a new stake in shares of Strattec Security during the third quarter worth about $266,000. Quadrature Capital Ltd acquired a new position in shares of Strattec Security during the 3rd quarter worth about $308,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Strattec Security during the 3rd quarter worth about $374,000. 68.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Strattec Security from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Strattec Security Stock Performance

STRT stock traded up $2.15 during midday trading on Friday, hitting $43.97. 18,642 shares of the stock traded hands, compared to its average volume of 14,921. The stock’s fifty day simple moving average is $39.90 and its 200-day simple moving average is $33.89. The firm has a market cap of $180.28 million, a P/E ratio of 11.16, a PEG ratio of 1.50 and a beta of 1.15. Strattec Security has a 1-year low of $21.05 and a 1-year high of $43.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.18 and a quick ratio of 1.48.

Strattec Security (NASDAQ:STRT) last posted its earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.36. The firm had revenue of $139.05 million for the quarter, compared to analysts’ expectations of $139.32 million. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. During the same period last year, the firm earned $1.05 EPS. On average, analysts expect that Strattec Security will post 2.76 earnings per share for the current year.

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.