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

TT Electronics PLC (OTCMKTS:TTGPF) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,644 shares, a growth of 472.8% from the May 31st total of 287 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 545 shares, the days-to-cover ratio is currently 3.0 days.

TT Electronics Stock Performance

OTCMKTS:TTGPF opened at $1.55 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.71 and a quick ratio of 0.97. TT Electronics has a 12-month low of $1.25 and a 12-month high of $2.05. The firm has a 50-day moving average price of $1.51 and a 200 day moving average price of $1.52.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of TT Electronics from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

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.