TT Electronics PLC (OTCMKTS:TTGPF) Sees Large Drop in Short Interest

TT Electronics PLC (OTCMKTS:TTGPF) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 200 shares, a decline of 98.4% from the April 15th total of 12,164 shares. Based on an average daily volume of 275 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.

TT Electronics Price Performance

Shares of OTCMKTS:TTGPF opened at $1.59 on Wednesday. TT Electronics has a 52-week low of $1.15 and a 52-week high of $2.05. The firm has a fifty day moving average of $1.58 and a 200 day moving average of $1.62. The company has a current ratio of 1.71, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised TT Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

TT Electronics Company Profile

TT Electronics plc is a global provider of engineered electronics for performance-critical applications. The company develops and manufactures a range of sensors, precision resistors, magnetics and power modules, as well as connectors and cable assemblies. Its solutions support industries such as transportation, medical devices, industrial automation, defense and aerospace.

Operating from manufacturing and design centers across Europe, North America and Asia, TT Electronics serves a diverse international customer base.