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

TT Electronics PLC (OTCMKTS:TTGPF) was the recipient of a large 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. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

TT Electronics Price Performance

TT Electronics stock remained flat at $2.17 during mid-day trading on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 1.71. TT Electronics has a 1-year low of $1.28 and a 1-year high of $2.17. The stock has a fifty day simple moving average of $1.74 and a two-hundred day simple moving average of $1.60.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About TT Electronics

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.