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

TT Electronics PLC (OTCMKTS:TTGPF) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,085 shares, a growth of 442.5% from the August 15th total of 200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

TT Electronics Price Performance

Shares of TTGPF stock opened at $2.17 on Friday. The business’s 50-day moving average price is $1.74 and its 200-day moving average price is $1.60. TT Electronics has a 12 month low of $1.28 and a 12 month high of $2.17. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.97.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of TT Electronics in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, TT Electronics currently has an average rating of “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.