Key Tronic Corporation (NASDAQ:KTCC) Short Interest Down 40.9% in June

Key Tronic Corporation (NASDAQ:KTCC) saw a large drop in short interest in 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 38,209 shares, the short-interest ratio is currently 0.4 days.

Key Tronic Stock Performance

Shares of KTCC stock remained flat at $4.26 during trading hours on Friday. The stock had a trading volume of 6,880 shares, compared to its average volume of 22,650. Key Tronic has a 1-year low of $2.40 and a 1-year high of $4.42. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.06 and a quick ratio of 1.21. The firm has a market cap of $46.26 million, a P/E ratio of -2.66 and a beta of 1.19. The stock has a 50-day simple moving average of $3.48 and a two-hundred day simple moving average of $3.03.

Institutional Trading of Key Tronic

Several large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in shares of Key Tronic by 105.7% in the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after acquiring an additional 177,591 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of 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. Finally, Goldman Sachs Group Inc. boosted its position in shares of Key Tronic by 65.9% during the 1st 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 last quarter. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.