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

Key Tronic Corporation (NASDAQ:KTCC) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 22,529 shares, an increase of 47.2% from the February 26th total of 15,308 shares. Based on an average trading volume of 6,504 shares, the short-interest ratio is currently 3.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KTCC. Goldman Sachs Group Inc. raised its position in shares of Key Tronic by 65.9% in 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 in the last quarter. Bensler LLC bought a new position in Key Tronic during the 3rd quarter worth $109,000. Finally, Moors & Cabot Inc. increased its stake in Key Tronic by 27.8% during the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after acquiring an additional 35,400 shares during the period. 40.69% of the stock is owned by institutional investors.

Key Tronic Stock Performance

Shares of Key Tronic stock opened at $2.69 on Monday. 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 50-day moving average of $2.88 and a 200-day moving average of $2.95. Key Tronic has a 52-week low of $2.21 and a 52-week high of $3.70. The stock has a market cap of $29.21 million, a PE ratio of -1.89 and a beta of 1.15.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, According to MarketBeat.com, Key Tronic currently has a consensus rating of “Sell”.

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.