Short Interest in Key Tronic Corporation (NASDAQ:KTCC) Decreases By 32.5%

Key Tronic Corporation (NASDAQ:KTCC) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 24,532 shares, a decrease of 32.5% from the January 29th total of 36,327 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 19,830 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 19,830 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Key Tronic

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position 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 during the period. Bensler LLC acquired a new stake in shares of Key Tronic during the third quarter worth approximately $109,000. Finally, Moors & Cabot Inc. grew its position in Key Tronic by 26.9% during the second quarter. Moors & Cabot Inc. now owns 127,550 shares of the technology company’s stock valued at $365,000 after purchasing an additional 27,000 shares in the last quarter. 40.69% of the stock is owned by hedge funds and other institutional investors.

Key Tronic Trading Down 1.4%

Shares of NASDAQ:KTCC traded down $0.04 during mid-day trading on Monday, hitting $2.84. The stock had a trading volume of 7,849 shares, compared to its average volume of 14,813. The company’s 50 day moving average is $2.85 and its 200-day moving average is $2.97. Key Tronic has a 12-month low of $2.21 and a 12-month high of $3.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 2.03. The company has a market cap of $30.84 million, a PE ratio of -2.00 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.