Key Tronic Corporation (NASDAQ:KTCC) Short Interest Update

Key Tronic Corporation (NASDAQ:KTCC) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 36,327 shares, an increase of 32.7% from the January 15th total of 27,376 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,717 shares, the short-interest ratio is presently 2.9 days. Based on an average daily trading volume, of 12,717 shares, the short-interest ratio is presently 2.9 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Key Tronic

Large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after acquiring an additional 9,327 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Key Tronic by 26.9% during the second quarter. Moors & Cabot Inc. now owns 127,550 shares of the technology company’s stock worth $365,000 after buying an additional 27,000 shares during the last quarter. Finally, Bensler LLC bought a new position in shares of Key Tronic in the third quarter valued at $109,000. Institutional investors and hedge funds own 40.69% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Key Tronic in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Key Tronic Trading Down 1.9%

Shares of KTCC stock opened at $3.09 on Monday. Key Tronic has a 1-year low of $2.21 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 stock has a market cap of $33.56 million, a price-to-earnings ratio of -2.18 and a beta of 1.15. The stock has a 50-day moving average of $2.74 and a 200-day moving average of $2.96.

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.