Short Interest in Steel Connect, Inc. (NASDAQ:STCN) Grows By 41.2%

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 company are sold short. Based on an average daily volume of 21,000 shares, the short-interest ratio is currently 0.2 days.

Steel Connect Trading Up 0.2 %

Steel Connect stock traded up $0.03 during trading on Friday, reaching $12.38. The company had a trading volume of 8,859 shares, compared to its average volume of 14,171. The firm has a market capitalization of $78.49 million, a price-to-earnings ratio of 4.03 and a beta of 0.25. The firm’s 50-day simple moving average is $10.63 and its 200 day simple moving average is $11.44. Steel Connect has a 52 week low of $7.36 and a 52 week high of $13.00.

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

Hedge Funds Weigh In On Steel Connect

A hedge fund recently bought a new stake in Steel Connect stock. Oddo BHF Asset Management Sas acquired a new stake in shares of Steel Connect, Inc. (NASDAQ:STCN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 138,902 shares of the technology company’s stock, valued at approximately $1,465,000. Oddo BHF Asset Management Sas owned 2.19% of Steel Connect at the end of the most recent reporting period. Institutional investors and hedge funds own 47.28% of the company’s stock.

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.