Steel Connect, Inc. (NASDAQ:STCN) Short Interest Update

Steel Connect, Inc. (NASDAQ:STCN) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 4,800 shares, a growth of 41.2% from the November 15th total of 3,400 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 21,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Steel Connect

An institutional investor recently bought a new position in Steel Connect stock. Oddo BHF Asset Management Sas purchased a new position in shares of Steel Connect, Inc. (NASDAQ:STCN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 138,902 shares of the technology company’s stock, valued at approximately $1,465,000. Oddo BHF Asset Management Sas owned about 2.19% of Steel Connect as of its most recent filing with the Securities and Exchange Commission (SEC). 47.28% of the stock is owned by hedge funds and other institutional investors.

Steel Connect Price Performance

Shares of NASDAQ STCN traded up $0.03 on Friday, hitting $12.38. The company’s stock had a trading volume of 8,859 shares, compared to its average volume of 14,171. Steel Connect has a 12-month low of $7.36 and a 12-month high of $13.00. The company has a market capitalization of $78.49 million, a price-to-earnings ratio of 4.03 and a beta of 0.25. The stock has a 50 day moving average of $10.63 and a 200-day moving average of $11.44.

Steel Connect (NASDAQ:STCN) last posted its quarterly earnings data on Thursday, December 12th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Steel Connect had a return on equity of 14.59% and a net margin of 50.53%.

About Steel Connect

Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.