Key Tronic Corporation (NASDAQ:KTCC) Short Interest Update
by Renee Jackson · The Cerbat GemKey Tronic Corporation (NASDAQ:KTCC – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 12,960 shares, a decline of 42.5% from the March 15th total of 22,529 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 10,080 shares, the days-to-cover ratio is currently 1.3 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Stock Analysis on Key Tronic
Key Tronic Stock Down 3.3%
Key Tronic stock traded down $0.09 during mid-day trading on Tuesday, reaching $2.64. 9,674 shares of the company were exchanged, compared to its average volume of 9,281. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 2.03. The firm has a market cap of $28.67 million, a P/E ratio of -1.86 and a beta of 1.16. The business has a fifty day moving average of $2.86 and a 200 day moving average of $2.88. Key Tronic has a 12-month low of $2.22 and a 12-month high of $3.70.
Hedge Funds Weigh In On Key Tronic
A number of large investors have recently added to or reduced their stakes in KTCC. Goldman Sachs Group Inc. lifted its position in shares of Key Tronic by 65.9% during the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after buying an additional 9,327 shares during the last quarter. Bensler LLC bought a new position in shares of Key Tronic during the 3rd quarter worth approximately $109,000. Finally, Moors & Cabot Inc. lifted its position in Key Tronic by 27.8% during the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after acquiring an additional 35,400 shares during the last quarter. 40.69% of the stock is currently owned by 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.