Safeguard Scientifics, Inc (NYSE:SFE) saw a large decline in short interest in July. As of July 15th, there was short interest totalling 592,200 shares, a decline of 24.6% from the June 15th total of 785,200 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average trading volume of 69,200 shares, the short-interest ratio is currently 8.6 days.

NYSE SFE traded up $0.03 on Friday, hitting $11.80. 83,452 shares of the stock were exchanged, compared to its average volume of 63,158. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.03. Safeguard Scientifics has a fifty-two week low of $7.98 and a fifty-two week high of $12.91. The firm has a market cap of $242.81 million, a P/E ratio of -15.53 and a beta of 0.88. The firm has a 50-day simple moving average of $12.04.

Safeguard Scientifics (NYSE:SFE) last issued its earnings results on Thursday, May 2nd. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.25. Analysts forecast that Safeguard Scientifics will post 1.37 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of SFE. Strs Ohio bought a new stake in Safeguard Scientifics in the second quarter worth about $582,000. NJ State Employees Deferred Compensation Plan raised its holdings in Safeguard Scientifics by 4.6% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 22,833 shares of the asset manager’s stock worth $275,000 after buying an additional 1,000 shares during the period. Almitas Capital LLC raised its holdings in Safeguard Scientifics by 63.5% during the 1st quarter. Almitas Capital LLC now owns 402,998 shares of the asset manager’s stock worth $4,373,000 after buying an additional 156,580 shares during the period. Yakira Capital Management Inc. raised its holdings in Safeguard Scientifics by 2.7% during the 1st quarter. Yakira Capital Management Inc. now owns 818,289 shares of the asset manager’s stock worth $8,878,000 after buying an additional 21,600 shares during the period. Finally, Salzhauer Michael raised its holdings in Safeguard Scientifics by 29.1% during the 1st quarter. Salzhauer Michael now owns 20,405 shares of the asset manager’s stock worth $221,000 after buying an additional 4,600 shares during the period. Institutional investors and hedge funds own 68.28% of the company’s stock.

SFE has been the subject of several analyst reports. ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th.

Safeguard Scientifics Company Profile

Safeguard Scientifics, Inc no longer investing. It is a private equity and venture capital firm specializing in expansion financings, growth capital, management buyouts, recapitalizations, industry consolidations, corporate spinouts, growth stage, and early stage financings. It initially invests in a Series A-C round and opportunistically in a seed round.

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