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

Key Tronic Corporation (NASDAQ:KTCC) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,613 shares, a drop of 40.9% from the May 31st total of 23,053 shares. Based on an average trading volume of 38,209 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Key Tronic in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Key Tronic

Several large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after purchasing an additional 9,327 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of Key Tronic by 27.8% in the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after buying an additional 35,400 shares during the period. Finally, Sei Investments Co. grew its position in shares of Key Tronic by 105.7% during the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after buying an additional 177,591 shares in the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Key Tronic Stock Down 0.2%

Shares of Key Tronic stock traded down $0.01 during trading hours on Wednesday, reaching $4.12. 22,752 shares of the company were exchanged, compared to its average volume of 16,102. Key Tronic has a 1 year low of $2.40 and a 1 year high of $4.42. The stock’s fifty day moving average is $3.45 and its 200 day moving average is $3.02. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 2.06. The firm has a market cap of $44.74 million, a PE ratio of -2.57 and a beta of 1.22.

About Key Tronic

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.