Strattec Security Co. (NASDAQ:STRT) Short Interest Up 53.8% in February

Strattec Security Co. (NASDAQ:STRT) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 18,300 shares, an increase of 53.8% from the January 31st total of 11,900 shares. Based on an average daily volume of 24,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are short sold.

Strattec Security Stock Down 4.5 %

Shares of STRT opened at $47.48 on Tuesday. The firm’s 50-day simple moving average is $42.37 and its 200 day simple moving average is $40.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 2.60. The firm has a market cap of $198.09 million, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. Strattec Security has a 52 week low of $21.05 and a 52 week high of $53.01.

Analyst Ratings Changes

Separately, StockNews.com upgraded Strattec Security from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

Insider Buying and Selling

In other Strattec Security news, COO Rolando Guillot sold 3,500 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $50.10, for a total transaction of $175,350.00. Following the sale, the chief operating officer now directly owns 36,443 shares of the company’s stock, valued at $1,825,794.30. The trade was a 8.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Strattec Security

Several hedge funds have recently added to or reduced their stakes in STRT. Dimensional Fund Advisors LP boosted its holdings in Strattec Security by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 234,260 shares of the auto parts company’s stock valued at $9,652,000 after purchasing an additional 7,880 shares during the period. Truffle Hound Capital LLC bought a new position in Strattec Security during the 4th quarter worth $5,150,000. Renaissance Technologies LLC raised its holdings in Strattec Security by 4.2% in the 4th quarter. Renaissance Technologies LLC now owns 100,906 shares of the auto parts company’s stock valued at $4,157,000 after acquiring an additional 4,100 shares in the last quarter. Peapod Lane Capital LLC bought a new stake in shares of Strattec Security during the 4th quarter valued at $2,934,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Strattec Security by 85.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,476 shares of the auto parts company’s stock worth $1,915,000 after purchasing an additional 21,376 shares in the last quarter. 68.91% of the stock is owned by institutional investors and hedge funds.

About Strattec Security

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.