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

TT Electronics PLC (OTCMKTS:TTGPF) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 300 shares, a decrease of 72.4% from the August 31st total of 1,085 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 570 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of TT Electronics in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

TT Electronics Price Performance

TTGPF stock opened at $2.44 on Friday. The firm has a 50 day moving average of $1.87 and a 200-day moving average of $1.65. TT Electronics has a 12-month low of $1.28 and a 12-month high of $2.44. The company has a current ratio of 1.71, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68.

TT Electronics Company Profile

TT Electronics plc is a United Kingdom-based global technology and manufacturing company that designs and produces engineered electronics for original equipment manufacturers. Its products and capabilities include sensors, power-management systems, electronic assemblies, connectivity solutions and other specialized components used in demanding operating environments.

The company serves customers in markets including aerospace and defense, healthcare, industrial automation, transportation and electrification.