Key Tronic Corporation (NASDAQ:KTCC) Short Interest Update

Key Tronic Corporation (NASDAQ:KTCC) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 35,183 shares, an increase of 23.9% from the December 15th total of 28,402 shares. Based on an average trading volume of 43,137 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 43,137 shares, the days-to-cover ratio is presently 0.8 days.

Key Tronic Stock Down 2.9%

KTCC stock traded down $0.08 during midday trading on Monday, hitting $2.69. The company’s stock had a trading volume of 16,439 shares, compared to its average volume of 20,800. Key Tronic has a 52-week low of $2.21 and a 52-week high of $4.25. The firm has a 50-day simple moving average of $2.65 and a 200-day simple moving average of $2.97. The company has a quick ratio of 1.32, a current ratio of 2.39 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $29.21 million, a P/E ratio of -2.47 and a beta of 1.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Key Tronic presently has an average rating of “Sell”.

Institutional Investors Weigh In On Key Tronic

A number of hedge funds have recently bought and sold shares of KTCC. Moors & Cabot Inc. boosted its stake in shares of Key Tronic by 27.8% in the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after buying an additional 35,400 shares during the period. Bensler LLC purchased a new position in Key Tronic in the third quarter worth approximately $109,000. Finally, Goldman Sachs Group Inc. grew its holdings in Key Tronic by 65.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after acquiring an additional 9,327 shares in the last quarter. Institutional investors and hedge funds own 40.69% of the company’s stock.

Key Tronic Company Profile

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.