Short Interest in Safeguard Scientifics, Inc. (NYSE:SFE) Rises By 27.3%

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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its position in shares of Safeguard Scientifics by 276.0% during the fourth quarter. Citigroup Inc. now owns 4,538 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 3,331 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Safeguard Scientifics by 42.3% in the third quarter. Great West Life Assurance Co. Can now owns 10,229 shares of the asset manager’s stock worth $56,000 after acquiring an additional 3,043 shares in the last quarter. Sage Rhino Capital LLC bought a new stake in Safeguard Scientifics in the fourth quarter worth $64,000. Squarepoint Ops LLC bought a new stake in Safeguard Scientifics in the fourth quarter worth $82,000. Finally, Shufro Rose & Co. LLC bought a new stake in Safeguard Scientifics in the fourth quarter worth $96,000. Institutional investors own 66.89% of the company’s stock.

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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