TT Electronics PLC (OTCMKTS:TTGPF) Stock Short Interest Declines 46.3%

TT Electronics PLC (OTCMKTS:TTGPF) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 966 shares, a drop of 46.3% from the September 30th total of 1,800 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

TT Electronics Price Performance

Shares of OTCMKTS:TTGPF opened at $2.44 on Friday. The firm has a fifty day moving average of $2.24 and a two-hundred day moving average of $1.71. TT Electronics has a 12-month low of $1.28 and a 12-month high of $2.44.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of TT Electronics in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, TT Electronics presently has a consensus rating of “Buy”.

About TT Electronics

TT Electronics plc is a United Kingdom-based provider of engineered electronics for critical applications. The company designs and manufactures electronic components, assemblies and systems used where reliability, performance and precision are important.

Its products and services include sensors, power-management solutions, connectivity technologies, electronic assemblies and manufacturing services. TT Electronics serves customers in markets such as healthcare, aerospace and defense, automation, electrification and transportation, helping them develop and manufacture products for demanding operating environments.

The company traces its origins to 1906 and has developed into an international business serving customers across North America, Europe and Asia.