Steelcase Inc (NYSE:SCS) Shorted Shares Increased 9.3% After Market Selling

July 12, 2018 - By Robert Sims

Steelcase Inc. (NYSE:SCS) Logo

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.32, from 1.18 in 2017Q4. It dived, as 20 investors sold Steelcase Inc. shares while 59 reduced holdings. 24 funds opened positions while 44 raised stakes. 71.53 million shares or 1.23% more from 70.66 million shares in 2017Q4 were reported.
Vanguard Gp Incorporated reported 6.70 million shares. 732,000 are owned by Tocqueville Asset L P. Envestnet Asset Mgmt accumulated 83 shares. Group Inc Inc reported 53,918 shares or 0% of all its holdings. D E Shaw holds 0% of its portfolio in Steelcase Inc. (NYSE:SCS) for 128,019 shares. Nordea Inv Mngmt Ab accumulated 229,800 shares. Fmr reported 158,200 shares stake. Barclays Public Limited Company holds 0% in Steelcase Inc. (NYSE:SCS) or 50,202 shares. Proshare Advisors Limited Liability Com invested in 10,781 shares. 841 are held by Pnc Financial Inc. 9,043 were accumulated by Panagora Asset. 75,233 are held by Zebra Ltd Liability. Parametric Portfolio Associates Limited Com holds 386,811 shares. Washington Retail Bank reported 0.01% stake. Citigroup has 52,222 shares.

Since March 29, 2018, it had 0 insider buys, and 5 sales for $438,211 activity. Niemann Jennifer C sold $48,165 worth of stock or 3,400 shares. 8,000 Steelcase Inc. (NYSE:SCS) shares with value of $109,661 were sold by Armbruster Sara E.

The stock of Steelcase Inc (NYSE:SCS) registered an increase of 9.3% in short interest. SCS’s total short interest was 2.64M shares in July as published by FINRA. Its up 9.3% from 2.42 million shares, reported previously. With 424,700 shares average volume, it will take short sellers 6 days to cover their SCS’s short positions. The short interest to Steelcase Inc’s float is 3.18%.

It closed at $14.05 lastly. It is down 15.57% since July 12, 2017 and is downtrending. It has underperformed by 28.14% the S&P500.

Steelcase Inc. manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company has market cap of $1.64 billion. The firm operates through Americas, EMEA, and Other Category divisions. It has a 20.97 P/E ratio. The Company’s furniture systems portfolio comprises panel and freestanding furniture systems, storage, desks, benches, tables, and complementary products, such as worktools.

More important recent Steelcase Inc. (NYSE:SCS) news were published by: Fool.com which released: “Herman Miller Ends Its Fiscal Year With Vigorous Order Flow” on July 04, 2018, also Globenewswire.com published article titled: “Consolidated Research: 2018 Summary Expectations for Stock Yards, Archrock, Lantheus, Steelcase, Tableau …”, Globenewswire.com published: “Steelcase Receives Top Accolades at Neocon 2018” on June 13, 2018. More interesting news about Steelcase Inc. (NYSE:SCS) was released by: Globenewswire.com and their article: “Steelcase Reports First Quarter Fiscal 2019 Results” with publication date: June 20, 2018.

Steelcase Inc. (NYSE:SCS) Institutional Positions Chart

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