Key Tronic Corporation (NASDAQ:KTCC) Sees Large Increase in Short Interest
by Renee Jackson · The Cerbat GemKey Tronic Corporation (NASDAQ:KTCC – Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 35,183 shares, a growth of 23.9% from the December 15th total of 28,402 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 43,137 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 43,137 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s stock are short sold.
Institutional Investors Weigh In On Key Tronic
A number of hedge funds and other institutional investors have recently modified their holdings of KTCC. Goldman Sachs Group Inc. lifted 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. Bensler LLC acquired a new stake in Key Tronic in the third quarter valued at $109,000. Finally, Moors & Cabot Inc. lifted its holdings in Key Tronic by 26.9% during the 2nd quarter. Moors & Cabot Inc. now owns 127,550 shares of the technology company’s stock worth $365,000 after buying an additional 27,000 shares during the last quarter. 40.69% of the stock is currently owned by institutional investors and hedge funds.
Key Tronic Stock Down 2.9%
Shares of KTCC stock traded down $0.08 during trading hours on Monday, reaching $2.69. 16,439 shares of the stock were exchanged, compared to its average volume of 20,800. The business’s fifty day moving average is $2.65 and its two-hundred day moving average is $2.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.39 and a quick ratio of 1.32. Key Tronic has a 12-month low of $2.21 and a 12-month high of $4.25. The firm has a market capitalization of $29.21 million, a P/E ratio of -2.47 and a beta of 1.10.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Read Our Latest Analysis on KTCC
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.