Strattec Security Co. (NASDAQ:STRT) Short Interest Up 52.6% in January

Strattec Security Co. (NASDAQ:STRT) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 11,900 shares, an increase of 52.6% from the January 15th total of 7,800 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 20,000 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

Strattec Security Stock Up 0.7 %

Shares of NASDAQ:STRT traded up $0.36 during trading on Thursday, reaching $49.90. 109,485 shares of the stock traded hands, compared to its average volume of 24,064. The stock has a market cap of $204.58 million, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. The stock has a 50-day moving average of $40.43 and a two-hundred day moving average of $38.30. Strattec Security has a 52-week low of $21.05 and a 52-week high of $53.01.

Institutional Trading of Strattec Security

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in Strattec Security during the third quarter valued at approximately $1,071,000. Factorial Partners LLC bought a new position in shares of Strattec Security during the 3rd quarter valued at $1,346,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Strattec Security in the 3rd quarter worth $374,000. De Lisle Partners LLP grew its holdings in shares of Strattec Security by 11.2% in the third quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock worth $1,830,000 after acquiring an additional 4,355 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Strattec Security during the third quarter valued at $47,000. 68.91% of the stock is currently 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.