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

Key Tronic Corporation (NASDAQ:KTCC) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 12,960 shares, a decrease of 42.5% from the March 15th total of 22,529 shares. Based on an average daily volume of 10,080 shares, the short-interest ratio is currently 1.3 days. Currently, 0.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Key Tronic in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Key Tronic presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. 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 buying an additional 35,400 shares during the period. Bensler LLC purchased a new stake in Key Tronic during the 3rd quarter worth approximately $109,000. Finally, Goldman Sachs Group Inc. increased 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 worth $61,000 after buying an additional 9,327 shares during the period. Institutional investors and hedge funds own 40.69% of the company’s stock.

Key Tronic Trading Up 2.1%

KTCC traded up $0.06 during mid-day trading on Monday, hitting $2.81. 2,950 shares of the stock were exchanged, compared to its average volume of 9,404. The firm’s fifty day moving average is $2.87 and its two-hundred day moving average is $2.89. Key Tronic has a 1-year low of $2.22 and a 1-year high of $3.70. The company has a current ratio of 2.03, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89. The company has a market cap of $30.50 million, a PE ratio of -1.98 and a beta of 1.16.

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.