Steel Connect Inc (NASDAQ:STCN) Short Interest Update

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Steel Connect Inc (NASDAQ:STCN) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 51,300 shares, an increase of 35.7% from the May 30th total of 37,800 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is currently 2.1 days.

Shares of NASDAQ STCN traded down $0.01 during midday trading on Friday, reaching $1.75. 14,693 shares of the company traded hands, compared to its average volume of 11,121. Steel Connect has a 52 week low of $1.54 and a 52 week high of $2.26. The stock’s 50-day moving average is $1.82. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 4.08.

About Steel Connect

Steel Connect, Inc, through its subsidiaries, provides supply chain and logistics services to the consumer electronics, communications, computing, medical devices, software, storage, retail, and other industries. It operates through five segments: Americas, Asia, Europe, Direct Marketing, and e-Business.

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