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
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