Key Tronic Corporation (NASDAQ:KTCC) Stock Short Interest Report for September

Key Tronic Corporation (NASDAQ:KTCC) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 49,116 shares, an increase of 125.6% from the September 15th total of 21,768 shares. Based on an average trading volume of 32,433 shares, the short-interest ratio is currently 1.5 days. Approximately 0.5% of the company’s stock are sold short.

Key Tronic Stock Performance

Shares of KTCC stock traded up $0.07 on Thursday, reaching $2.21. The stock had a trading volume of 7,131 shares, compared to its average volume of 19,523. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.20 and a current ratio of 2.10. Key Tronic has a 1 year low of $2.04 and a 1 year high of $4.42. The stock has a market cap of $24.52 million, a P/E ratio of -0.50 and a beta of 1.16. The company has a 50 day simple moving average of $2.80 and a 200 day simple moving average of $3.23.

Key Tronic (NASDAQ:KTCC) last posted its quarterly earnings data on Thursday, August 27th. The technology company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $102.03 million during the quarter. Key Tronic had a negative return on equity of 7.05% and a negative net margin of 12.36%.

Institutional Trading of Key Tronic

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tieton Capital Management LLC purchased a new stake in shares of Key Tronic during the 2nd quarter worth approximately $3,143,000. Sei Investments Co. grew its stake in shares of Key Tronic by 105.7% in the 1st 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 in the last quarter. BlackRock Inc. purchased a new position in shares of Key Tronic in the 2nd quarter worth $533,000. Bank of New York Mellon Corp bought a new stake in shares of Key Tronic in the 2nd quarter worth about $95,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Key Tronic in the 2nd quarter worth about $57,000. 40.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Key Tronic in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Key Tronic

Key Tronic Corporation is an electronic manufacturing services provider that designs and manufactures products for original equipment manufacturers and other customers. The company offers integrated services spanning product design and engineering, prototyping, tooling, materials management, printed circuit board assembly, systems integration, final assembly, testing, packaging and fulfillment.

In addition to electronic assemblies, Key Tronic produces molded and painted plastic components, mechanical assemblies and complete finished products.