The LS Starrett Company (NYSE:SCX) Brief Interest Update
LS Starrett (NYSE:SCX) saw a significant drop in short-term interest in January. As of January 31, there was short interest totaling 7,900 shares, a decrease of 55.6% from the total of 17,800 shares as of January 15. Based on an average daily volume of 30,000 shares, the short interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.
A number of institutional investors have recently changed their positions in SCX. Advisor Group Holdings Inc. increased its holdings in LS Starrett by 60.0% in the third quarter. Advisor Group Holdings Inc. now owns 4,000 shares of the company worth $49,000 after acquiring an additional 1,500 shares in the last quarter. Northern Trust Corp bought a new stake in LS Starrett in Q4 worth $112,000. Acadian Asset Management LLC increased its holdings in LS Starrett by 34.7% in the fourth quarter. Acadian Asset Management LLC now owns 15,005 shares of the company worth $139,000 after acquiring 3,864 additional shares in the last quarter. Teton Advisors Inc. increased its stake in LS Starrett by 2.5% in the second quarter. Teton Advisors Inc. now owns 65,000 shares of the company worth $607,000 after acquiring an additional 1,600 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in LS Starrett in Q3 for $1,286,000. 39.49% of the shares are currently held by institutional investors and hedge funds.
SCX stock traded at $0.16 midday Friday, hitting $7.59. The stock recorded a trading volume of 28,447 shares, compared to an average volume of 31,388. The company has a market capitalization of $54.91 million, a P/E ratio of 3.81 and a beta of 0. .68. LS Starrett has a 1-year minimum of $5.29 and a 1-year maximum of $13.90. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt ratio of 0.07. The company has a fifty-day moving average price of $9.38 and a two-hundred-day moving average price of $9.96.
About LS Starrett
The LS Starrett Co engages in manufacturing products for industrial, professional and consumer markets. Its products include precision tools, electronic gauges, gauge blocks, optical vision and laser measuring equipment, custom designed granite solutions, tape measures, levels, chalk products, squares, hole saws, band saws, hacksaws, jigsaw blades, reciprocating saw blades, and precision ground flat.
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