Short Interest in Strattec Security Co. (NASDAQ:STRT) Declines By 53.0%

Strattec Security Co. (NASDAQ:STRT) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 19,400 shares, a decrease of 53.0% from the May 15th total of 41,300 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 30,400 shares, the short-interest ratio is presently 0.6 days.

Strattec Security Stock Down 2.3%

STRT stock opened at $57.96 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.60 and a quick ratio of 1.77. The stock has a market capitalization of $241.58 million, a P/E ratio of 14.49, a P/E/G ratio of 1.37 and a beta of 1.39. The business has a 50-day moving average of $44.17 and a 200-day moving average of $42.90. Strattec Security has a fifty-two week low of $21.05 and a fifty-two week high of $61.77.

Strattec Security (NASDAQ:STRT) last posted its quarterly earnings data on Thursday, May 8th. The auto parts company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.55. Strattec Security had a return on equity of 7.76% and a net margin of 2.92%. The company had revenue of $144.08 million during the quarter, compared to analysts’ expectations of $140.84 million. On average, sell-side analysts anticipate that Strattec Security will post 3.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new position in Strattec Security during the fourth quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Strattec Security by 57.1% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,715 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 623 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Strattec Security during the first quarter valued at approximately $91,000. Bank of America Corp DE boosted its position in Strattec Security by 137.9% during the fourth quarter. Bank of America Corp DE now owns 2,208 shares of the auto parts company’s stock valued at $91,000 after purchasing an additional 1,280 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Strattec Security by 172.0% during the fourth quarter. JPMorgan Chase & Co. now owns 4,392 shares of the auto parts company’s stock valued at $181,000 after purchasing an additional 2,777 shares during the last quarter. 68.91% of the stock is 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.