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

Techtronic Industries Co. (OTCMKTS:TTNDY) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 13,123 shares, a decrease of 39.2% from the May 14th total of 21,601 shares. Based on an average daily volume of 126,972 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Techtronic Industries Price Performance

OTCMKTS TTNDY opened at $75.60 on Monday. The business has a fifty day moving average price of $73.50 and a 200 day moving average price of $69.26. Techtronic Industries has a one year low of $53.20 and a one year high of $81.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.67 and a quick ratio of 0.79.

Analysts Set New Price Targets

Separately, Zacks Research lowered Techtronic Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

About Techtronic Industries

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.