Key Tronic Corporation (NASDAQ:KTCC) Short Interest Up 138.5% in June

Key Tronic Corporation (NASDAQ:KTCC) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 32,469 shares, a growth of 138.5% from the June 15th total of 13,613 shares. Based on an average daily trading volume, of 29,116 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Key Tronic

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after purchasing an additional 9,327 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Key Tronic by 27.8% during the third 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 in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Key Tronic by 105.7% in the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after buying an additional 177,591 shares during the last quarter. 40.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Key Tronic Stock Up 3.4%

Shares of Key Tronic stock traded up $0.14 on Wednesday, hitting $4.21. 21,796 shares of the company traded hands, compared to its average volume of 15,650. Key Tronic has a 12-month low of $2.40 and a 12-month high of $4.42. The company has a quick ratio of 1.21, a current ratio of 2.06 and a debt-to-equity ratio of 0.95. The company has a market cap of $45.72 million, a PE ratio of -2.63 and a beta of 1.19. The company has a 50-day moving average price of $3.67 and a 200 day moving average price of $3.12.

About Key Tronic

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.