TT Electronics PLC (OTCMKTS:TTGPF) Short Interest Update

TT Electronics PLC (OTCMKTS:TTGPF) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,644 shares, a growth of 472.8% from the May 31st total of 287 shares. Based on an average trading volume of 545 shares, the short-interest ratio is presently 3.0 days. Approximately 0.0% of the shares of the stock are short sold.

TT Electronics Stock Performance

OTCMKTS TTGPF opened at $1.55 on Friday. TT Electronics has a 1-year low of $1.25 and a 1-year high of $2.05. The company has a 50 day moving average of $1.51 and a 200-day moving average of $1.52. The company has a quick ratio of 0.97, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

Analysts Set New Price Targets

Separately, Berenberg Bank raised TT Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average 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.