Strattec Security Co. (NASDAQ:STRT) Short Interest Up 23.6% in November

Strattec Security Co. (NASDAQ:STRT) was the recipient of a significant increase in short interest in November. As of November 30th, there was short interest totalling 6,800 shares, an increase 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 presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Strattec Security Stock Performance

STRT traded up $2.15 during trading on Friday, hitting $43.97. 18,642 shares of the stock were exchanged, compared to its average volume of 20,208. The firm has a market capitalization of $180.28 million, a P/E ratio of 11.16, a PEG ratio of 1.59 and a beta of 1.15. The stock has a fifty day moving average price of $39.90 and a two-hundred day moving average price of $33.94. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.06. Strattec Security has a 1-year low of $21.05 and a 1-year high of $43.97.

Strattec Security (NASDAQ:STRT) last released its quarterly earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The business had revenue of $139.05 million during the quarter, compared to analysts’ expectations of $139.32 million. During the same quarter in the prior year, the business earned $1.05 earnings per share. As a group, sell-side analysts predict that Strattec Security will post 2.76 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Strattec Security during the 3rd quarter worth about $47,000. Barclays PLC lifted its stake in shares of Strattec Security by 126.0% during the 3rd quarter. Barclays PLC now owns 3,950 shares of the auto parts company’s stock worth $169,000 after purchasing an additional 2,202 shares during the period. Perritt Capital Management Inc boosted its holdings in shares of Strattec Security by 47.0% during the second quarter. Perritt Capital Management Inc now owns 10,102 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 3,229 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Strattec Security in the third quarter valued at $266,000. Finally, Quadrature Capital Ltd purchased a new stake in Strattec Security in the 3rd quarter valued at about $308,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Analyst Ratings Changes

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

About Strattec Security

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.