TT Electronics PLC (OTCMKTS:TTGPF) Sees Large Growth in Short Interest

TT Electronics PLC (OTCMKTS:TTGPF) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,085 shares, a growth of 442.5% from the August 15th total of 200 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reiterated a “sector perform” rating on shares of TT Electronics in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

TT Electronics Stock Performance

Shares of TTGPF opened at $2.17 on Friday. The company has a 50-day moving average of $1.73 and a 200 day moving average of $1.60. The company has a current ratio of 1.71, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. TT Electronics has a 1-year low of $1.28 and a 1-year high of $2.17.

TT Electronics Company Profile

TT Electronics plc is a global provider of engineered electronics for performance-critical applications. The company develops and manufactures a range of sensors, precision resistors, magnetics and power modules, as well as connectors and cable assemblies. Its solutions support industries such as transportation, medical devices, industrial automation, defense and aerospace.

Operating from manufacturing and design centers across Europe, North America and Asia, TT Electronics serves a diverse international customer base.