Short Interest in Strattec Security Co. (NASDAQ:STRT) Rises By 23.6%

Strattec Security Co. (NASDAQ:STRT) saw a large growth in short interest in 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 daily volume of 19,100 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

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 Price Performance

STRT traded up $2.15 on Friday, reaching $43.97. 18,642 shares of the company’s stock were exchanged, compared to its average volume of 14,921. Strattec Security has a twelve month low of $21.05 and a twelve month high of $43.97. The stock has a market cap of $180.28 million, a PE ratio of 11.16, a P/E/G ratio of 1.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.18 and a quick ratio of 1.48. The stock’s fifty day moving average price is $39.90 and its 200-day moving average price is $33.89.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Monday, November 4th. The auto parts company reported $0.92 earnings per share 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 for the quarter, compared to analysts’ expectations of $139.32 million. During the same period in the previous year, the firm posted $1.05 EPS. Sell-side analysts expect that Strattec Security will post 2.76 EPS for the current year.

Institutional Trading of Strattec Security

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings 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 acquiring an additional 2,202 shares during the period. Geode Capital Management LLC increased its position in Strattec Security by 5.9% during the third quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company’s stock worth $1,776,000 after purchasing an additional 2,314 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Strattec Security during the third quarter worth about $308,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Strattec Security in the 3rd quarter valued at about $47,000. Finally, De Lisle Partners LLP grew its stake in shares of Strattec Security by 11.2% in the 3rd quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock valued at $1,830,000 after buying an additional 4,355 shares during the period. 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.