Key Tronic Corporation (NASDAQ:KTCC) Short Interest Update

Key Tronic Corporation (NASDAQ:KTCC) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 32,469 shares, an increase of 138.5% from the June 15th total of 13,613 shares. Based on an average daily volume of 29,116 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the shares of the company are short sold.

Analyst Ratings Changes

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

Key Tronic Price Performance

KTCC stock traded up $0.12 during midday trading on Tuesday, hitting $4.05. 2,539 shares of the stock were exchanged, compared to its average volume of 15,552. The stock’s 50-day moving average price is $3.65 and its 200-day moving average price is $3.11. The stock has a market cap of $44.03 million, a price-to-earnings ratio of -2.53 and a beta of 1.19. Key Tronic has a fifty-two week low of $2.40 and a fifty-two week high of $4.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 2.06.

Institutional Investors Weigh In On Key Tronic

Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. grew its stake in Key Tronic by 105.7% in the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock valued at $944,000 after acquiring an additional 177,591 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Key Tronic by 27.8% during the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after purchasing an additional 35,400 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Key Tronic by 65.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after purchasing an additional 9,327 shares during the last quarter. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

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.