Key Tronic Corporation (NASDAQ:KTCC) Sees Large Growth in Short Interest

Key Tronic Corporation (NASDAQ:KTCC) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 36,327 shares, a growth of 32.7% from the January 15th total of 27,376 shares. Based on an average daily volume of 12,717 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 12,717 shares, the days-to-cover ratio is currently 2.9 days.

Hedge Funds Weigh In On Key Tronic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Key Tronic by 65.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after purchasing an additional 9,327 shares during the period. Bensler LLC purchased a new position in shares of Key Tronic during the third quarter valued at $109,000. Finally, Moors & Cabot Inc. grew its holdings in shares of Key Tronic by 26.9% during the second quarter. Moors & Cabot Inc. now owns 127,550 shares of the technology company’s stock valued at $365,000 after buying an additional 27,000 shares in the last quarter. Institutional investors and hedge funds own 40.69% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Key Tronic Trading Down 1.9%

KTCC stock traded down $0.06 during mid-day trading on Tuesday, reaching $3.03. 13,243 shares of the stock traded hands, compared to its average volume of 14,995. Key Tronic has a 52-week low of $2.21 and a 52-week high of $3.70. The stock’s fifty day moving average is $2.75 and its 200-day moving average is $2.96. The company has a market cap of $32.90 million, a P/E ratio of -2.13 and a beta of 1.15. The company has a current ratio of 2.03, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89.

Key Tronic Company Profile

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.