Safeguard Scientifics, Inc. (NYSE:SFE) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 671,600 shares, an increase of 27.3% from the March 31st total of 527,500 shares. Based on an average daily trading volume, of 114,000 shares, the days-to-cover ratio is presently 5.9 days. Currently, 3.5% of the company’s shares are sold short.
Shares of NYSE SFE traded up $0.21 during mid-day trading on Tuesday, hitting $6.46. 98,233 shares of the stock traded hands, compared to its average volume of 113,224. Safeguard Scientifics has a 52 week low of $5.15 and a 52 week high of $8.59. The company has a market cap of $135.30 million, a price-to-earnings ratio of -4.34 and a beta of 1.28. The stock has a fifty day moving average price of $6.69 and a 200-day moving average price of $6.76.
Safeguard Scientifics (NYSE:SFE) last released its quarterly earnings results on Wednesday, March 3rd. The asset manager reported ($0.22) earnings per share for the quarter.
Safeguard Scientifics Company Profile
Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings. It initially invests in a Series A-C round and opportunistically in a seed round.
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