Short Interest in Key Tronic Corporation (NASDAQ:KTCC) Rises By 47.2%

Key Tronic Corporation (NASDAQ:KTCC) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 22,529 shares, a growth of 47.2% from the February 26th total of 15,308 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,504 shares, the days-to-cover ratio is currently 3.5 days.

Key Tronic Stock Performance

Shares of NASDAQ:KTCC traded down $0.08 during mid-day trading on Friday, reaching $2.69. The company had a trading volume of 11,110 shares, compared to its average volume of 8,906. The company’s 50-day moving average price is $2.88 and its 200-day moving average price is $2.95. Key Tronic has a one year low of $2.21 and a one year high of $3.70. The firm has a market cap of $29.21 million, a price-to-earnings ratio of -1.89 and a beta of 1.15. The company has a current ratio of 2.03, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KTCC. Goldman Sachs Group Inc. boosted its position in shares of Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after acquiring an additional 9,327 shares during the period. Bensler LLC bought a new stake in Key Tronic during the 3rd quarter worth approximately $109,000. Finally, Moors & Cabot Inc. increased its holdings in Key Tronic by 27.8% during the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after acquiring an additional 35,400 shares during the period. Institutional investors own 40.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, the stock currently has a consensus rating of “Sell”.

Key Tronic Company Profile

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.