Key Tronic Corporation (NASDAQ:KTCC) Sees Significant Decline in Short Interest

Key Tronic Corporation (NASDAQ:KTCC) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 12,960 shares, a decline of 42.5% from the March 15th total of 22,529 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 10,080 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analyst Weigh In

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

Key Tronic Trading Up 1.6%

Shares of KTCC traded up $0.04 during midday trading on Wednesday, hitting $2.68. The company’s stock had a trading volume of 8,496 shares, compared to its average volume of 9,314. Key Tronic has a one year low of $2.22 and a one year high of $3.70. The company’s fifty day simple moving average is $2.86 and its two-hundred day simple moving average is $2.88. The company has a current ratio of 2.03, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89.

Hedge Funds Weigh In On Key Tronic

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in shares of Key Tronic by 65.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after purchasing an additional 9,327 shares during the last quarter. Bensler LLC bought a new position in shares of Key Tronic in the 3rd quarter valued at $109,000. Finally, Moors & Cabot Inc. increased its stake in shares of Key Tronic by 27.8% in the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock valued at $582,000 after purchasing an additional 35,400 shares during the last quarter. Institutional investors own 40.69% of the company’s stock.

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.