<div id="readability-page-1"><p>Steel Connect, Inc. (NASDAQ:STCN - Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 29,000 shares, a decrease of 27.1% from the June 30th total of 39,800 shares. Based on an average daily trading volume, of 17,800 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.1% of the shares of the stock are sold short.</p><div><p><span></span><span>Get <strong>Steel Connect</strong> alerts:</span></p></div><h2>Steel Connect Trading Up 0.2 %</h2><p>Shares of STCN stock traded up $0.03 during trading hours on Friday, hitting $12.81. 34,208 shares of the company were exchanged, compared to its average volume of 19,460. The business has a 50 day moving average of $12.23 and a two-hundred day moving average of $10.68. Steel Connect has a 52 week low of $7.36 and a 52 week high of $13.00. The company has a market capitalization of $80.70 million, a PE ratio of 4.09 and a beta of 0.20. </p><p>Steel Connect (NASDAQ:STCN - Get Free Report) last released its earnings results on Thursday, June 6th. The technology company reported $0.01 earnings per share for the quarter. The business had revenue of $43.86 million during the quarter. Steel Connect had a net margin of 53.00% and a return on equity of 19.76%. </p><h2>Insiders Place Their Bets</h2><p>In related news, Director Steel Partners Holdings L.P. purchased 7,434 shares of the firm's stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $11.26 per share, with a total value of $83,706.84. Following the completion of the purchase, the director now directly owns 1,087,180 shares of the company's stock, valued at $12,241,646.80. The purchase was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have bought 22,976 shares of company stock valued at $263,498. 8.70% of the stock is currently owned by insiders. </p><h2>Institutional Inflows and Outflows</h2><p>A number of hedge funds and other institutional investors have recently modified their holdings of STCN. Gamco Investors INC. ET AL lifted its stake in shares of Steel Connect by 0.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 159,057 shares of the technology company's stock worth $1,509,000 after buying an additional 1,000 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in Steel Connect in the 1st quarter worth about $2,991,000. Gabelli Funds LLC raised its stake in Steel Connect by 1.4% in the 1st quarter. Gabelli Funds LLC now owns 332,775 shares of the technology company's stock worth $3,158,000 after purchasing an additional 4,719 shares in the last quarter. Finally, Steel Partners Holdings L.P. raised its stake in Steel Connect by 0.9% in the 4th quarter. Steel Partners Holdings L.P. now owns 2,017,689 shares of the technology company's stock worth $19,440,000 after purchasing an additional 18,261 shares in the last quarter. Institutional investors own 47.28% of the company's stock. </p><h2>Steel Connect Company Profile</h2> (Get Free Report)<p>Steel Connect, Inc, together with its subsidiaries, provides supply chain services in the United States, Mainland China, Netherlands, and internationally. It offers product configuration and packaging, kitting, and assembly of components and parts into finished goods; and value-added processes, such as product testing, radio frequency identification tagging, product or service activation, language settings, personalization and engraving, multi-channel packaging, and packaging design services.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Steel Connect</li><li>Unveiling The Power Of VWAP: A Key Indicator For Traders</li><li>Is Crypto Cool Again? What Stocks You Should Be Watching</li><li>Profitably Trade Stocks at 52-Week Highs</li><li>Why Call Options Volume for These 2 Stocks Spiked Together</li><li>Trading Stocks: RSI and Why it's Useful</li><li>MarketBeat Week in Review – 7/22 - 7/26</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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STCN

<p>Steel Connect, Inc. (NASDAQ:STCN) experienced a 27.1% decrease in short interest in July. The days-to-cover ratio is currently 1.6 days. Additionally, the company's stock has been trading at a range of $7.36 to $13.00. Steel Connect provides supply chain services globally.</p>

Steel Connect, Inc. (NASDAQ:STCN) Short Interest Down 27.1% in July