TT Electronics plc (OTCMKTS:TTGPF) Sees Large Drop in Short Interest

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TT Electronics plc (OTCMKTS:TTGPF) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 100 shares, a decrease of 80.0% from the December 15th total of 500 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is currently 0.0 days.

Shares of TTGPF remained flat at $$2.85 during mid-day trading on Thursday. TT Electronics has a 1 year low of $1.27 and a 1 year high of $3.54. The business’s 50-day moving average price is $2.83 and its two-hundred day moving average price is $2.59.

A number of research analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating on shares of TT Electronics in a report on Monday, October 5th. Zacks Investment Research downgraded TT Electronics from a “buy” rating to a “hold” rating in a report on Friday, January 1st.

TT Electronics Company Profile

TT Electronics plc provides engineered electronics for performance critical applications in the industrial, medical, aerospace and defense, and transportation markets worldwide. The company operates in three divisions: Sensors and Specialist Components, Power and Connectivity, and Global Manufacturing Solutions.

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