TT Electronics PLC (OTCMKTS:TTGPF) Sees Significant Growth in Short Interest

TT Electronics PLC (OTCMKTS:TTGPF) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,644 shares, a growth of 472.8% from the May 31st total of 287 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 545 shares, the short-interest ratio is presently 3.0 days.

TT Electronics Stock Performance

TT Electronics stock opened at $1.55 on Friday. TT Electronics has a twelve month low of $1.25 and a twelve month high of $2.05. The stock’s fifty day simple moving average is $1.51 and its 200-day simple moving average is $1.52. The company has a quick ratio of 0.97, a current ratio of 1.71 and a debt-to-equity ratio of 0.68.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of TT Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

About TT Electronics

TT Electronics plc is a global provider of engineered electronics for performance-critical applications. The company develops and manufactures a range of sensors, precision resistors, magnetics and power modules, as well as connectors and cable assemblies. Its solutions support industries such as transportation, medical devices, industrial automation, defense and aerospace.

Operating from manufacturing and design centers across Europe, North America and Asia, TT Electronics serves a diverse international customer base.