Steel Connect, Inc. Sees Significant Increase in Short Interest
About 67% of Steel Connect's investor base is looking to short. The analysis of current outlook of investing in Steel Connect suggests that many traders are alarmed regarding Steel Connect's prospects. Steel Connect's investing sentiment overview a quick insight into current market opportunities from investing in Steel Connect. Many technical investors use Steel Connect stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Steel |
Steel Connect, Inc. was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 16,700 shares, an increase of 28.5 percent from the August 31st total of 13,000 shares. Based on an average trading volume of 15,100 shares,
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Steel Connect Fundamental Analysis
We analyze Steel Connect's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Steel Connect using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Steel Connect based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Debt To Equity
Debt To Equity Comparative Analysis
Steel Connect is currently under evaluation in debt to equity category among its peers. Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Steel Connect Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Steel Connect stock to make a market-neutral strategy. Peer analysis of Steel Connect could also be used in its relative valuation, which is a method of valuing Steel Connect by comparing valuation metrics with similar companies.
Peers
Steel Connect Related Equities
KDOZF | Kidoz | 23.53 | ||||
EVC | Entravision Communications | 2.29 | ||||
TSQ | Townsquare Media | 1.30 | ||||
DRCT | Direct Digital | 1.06 | ||||
ADV | Advantage Solutions | 0.40 | ||||
CYGIY | CyberAgent | 2.90 | ||||
BAOS | Baosheng Media | 3.01 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in Steel Stock
If you are still planning to invest in Steel Connect check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Steel Connect's history and understand the potential risks before investing.
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