Techtronic Industries Co. (OTCMKTS:TTNDY) Sees Significant Growth in Short Interest

Techtronic Industries Co. (OTCMKTS:TTNDY) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 21,601 shares, a growth of 139.6% from the April 30th total of 9,015 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 69,513 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Zacks Research lowered Techtronic Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. 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, the stock presently has an average rating of “Buy”.

Techtronic Industries Stock Up 1.7%

Shares of TTNDY stock traded up $1.28 on Friday, hitting $74.40. The stock had a trading volume of 24,561 shares, compared to its average volume of 47,339. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.79 and a current ratio of 1.67. The business has a 50 day moving average of $72.13 and a 200 day moving average of $67.95. Techtronic Industries has a 12-month low of $53.20 and a 12-month high of $81.34.

Techtronic Industries Company Profile

Techtronic Industries Company Limited (TTI) is a Hong Kong?based global manufacturer and marketer of tools and equipment for professional, industrial and consumer markets. The company develops and sells power tools, outdoor power equipment, hand tools, accessories and floorcare products. TTI’s product strategy emphasizes cordless and battery?powered platforms, integrating advanced battery chemistry and brushless motor technology to serve trade professionals and DIY consumers seeking portable, high?performance solutions.

TTI markets its products through a portfolio of well?known brands and a broad distribution network that includes wholesalers, home improvement retailers, specialist dealerships and online channels.