Strattec Security Co. (NASDAQ:STRT) Short Interest Up 31.8% in December

Strattec Security Co. (NASDAQ:STRT) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 8,700 shares, a growth of 31.8% from the December 15th total of 6,600 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 18,200 shares, the days-to-cover ratio is currently 0.5 days.

Strattec Security Trading Up 0.4 %

NASDAQ:STRT traded up $0.15 during trading hours on Friday, hitting $39.84. The stock had a trading volume of 4,269 shares, compared to its average volume of 14,679. The business’s 50 day moving average is $41.03 and its 200-day moving average is $36.24. 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 company has a market cap of $163.34 million, a price-to-earnings ratio of 10.11, a P/E/G ratio of 1.38 and a beta of 1.16. Strattec Security has a one year low of $21.05 and a one year high of $44.26.

Strattec Security (NASDAQ:STRT) last posted 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 firm had revenue of $139.05 million for the quarter, compared to analyst estimates of $139.32 million. During the same period in the previous year, the company posted $1.05 earnings per share. Sell-side analysts anticipate that Strattec Security will post 2.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Strattec Security

Institutional investors and hedge funds have recently modified their holdings of the business. West Oak Capital LLC lifted its stake in Strattec Security by 5,525.0% in the fourth quarter. West Oak Capital LLC now owns 1,125 shares of the auto parts company’s stock valued at $46,000 after buying an additional 1,105 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Strattec Security during the 3rd quarter worth approximately $47,000. JPMorgan Chase & Co. acquired a new stake in shares of Strattec Security in the third quarter valued at approximately $69,000. Barclays PLC raised its holdings 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 last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Strattec Security in the third quarter worth $266,000. 68.91% of the stock is currently owned by institutional investors and hedge funds.

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.