Short Interest Report: Will Strattec Security Corporation (NASDAQ:STRT) Run Out of Steam Soon? Short Interest Is Down

November 16, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Report: Will Strattec Security Corporation (NASDAQ:STRT) Run Out of Steam Soon? Short Interest Is Down

The stock of Strattec Security Corporation (NASDAQ:STRT) registered a decrease of 11.93% in short interest. STRT’s total short interest was 183,100 shares in November as published by FINRA. Its down 11.93% from 207,900 shares, reported previously. With 9,800 shares average volume, it will take short sellers 19 days to cover their STRT’s short positions. The short interest to Strattec Security Corporation’s float is 5.33%. About 4,430 shares traded hands. Strattec Security Corp. (NASDAQ:STRT) has declined 33.50% since April 14, 2016 and is downtrending. It has underperformed by 38.19% the S&P500.

Strattec Security Corporation designs, develops, makes and markets automotive access control products. The company has a market cap of $137.95 million. The Firm offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers. It has a 18.77 P/E ratio. The Firm supplies its products under the VAST brand name.

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.35, from 0.65 in 2016Q1. The ratio increased, as 5 funds sold all Strattec Security Corp. shares owned while 20 reduced positions. 4 funds bought stakes while 21 increased positions. They now own 3.54 million shares or 10.76% more from 3.19 million shares in 2016Q1.
American Interest Inc holds 2,004 shares or 0% of its portfolio. Moreover, Dimensional Fund Advisors Ltd Partnership has 0.01% invested in Strattec Security Corp. (NASDAQ:STRT) for 264,057 shares. Blackrock Institutional Tru Na has 0% invested in the company for 112,113 shares. Strs Ohio last reported 0% of its portfolio in the stock. Boston last reported 37,551 shares in the company. Nationwide Fund owns 7,207 shares or 0% of their US portfolio. Blackrock Advisors Limited Liability Corp holds 0% or 1,911 shares in its portfolio. Panagora Asset Mgmt Inc accumulated 249 shares or 0% of the stock. Geode Cap Mngmt Ltd Limited Liability Company has 0% invested in the company for 23,702 shares. Tiverton Asset Management Ltd holds 348,224 shares or 1.13% of its portfolio. Citigroup Inc accumulated 968 shares or 0% of the stock. State Street Corporation reported 42,309 shares or 0% of all its holdings. Allianz Asset Mngmt Ag accumulated 0% or 142,080 shares. Lsv Asset holds 0% or 15,947 shares in its portfolio. Creative Planning accumulated 0% or 128 shares.

Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 2 insider sales for $108,462 net activity. On Monday, August 29 Messina Richard P sold $43,662 worth of the stock or 1,000 shares. 1,500 Strattec Security Corp. (NASDAQ:STRT) shares with value of $64,800 were sold by HANSEN PATRICK J.

STRT Company Profile

Strattec Security Corporation, incorporated on September 15, 1994, designs, develops, makes and markets automotive access control products. The Firm offers access control products, including mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power lift gate systems, power deck lid systems, door handles and related products for North American automotive customers. The Firm supplies its products under the VAST brand name. The Company’s products are shipped to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and it also provides full service and aftermarket support. The Firm provides its clients with engineered access control products, including locksets, fobs, push button ignition systems, steering column lock housings, seatback and secondary power liftgate systems, power decklids, door handles, and trim and other access products. The access control products are designed concurrently with the vehicle.

More recent Strattec Security Corp. (NASDAQ:STRT) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on October 18, 2010. Also Globenewswire.com published the news titled: “STRATTEC SECURITY CORPORATION Reports Fiscal 2017 First Quarter Operating Results” on October 27, 2016. Jsonline.com‘s news article titled: “Strattec Security Corp. reports lower quarterly sales and profits” with publication date: October 22, 2015 was also an interesting one.

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