Key Tronic Corporation (NASDAQ:KTCC) Short Interest Update

Key Tronic Corporation (NASDAQ:KTCC) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 32,469 shares, a growth of 138.5% from the June 15th total of 13,613 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,116 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Key Tronic

A number of large investors have recently bought and sold shares of KTCC. Sei Investments Co. raised its stake in Key Tronic by 105.7% during the first quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after purchasing an additional 177,591 shares during the period. Moors & Cabot Inc. grew its stake 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 valued at $582,000 after buying an additional 35,400 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings 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 worth $61,000 after buying an additional 9,327 shares during the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Key Tronic Trading Up 2.9%

Shares of KTCC stock traded up $0.12 during trading hours on Tuesday, hitting $4.05. 2,539 shares of the company were exchanged, compared to its average volume of 15,552. The firm has a fifty day moving average of $3.65 and a 200 day moving average of $3.11. The company has a quick ratio of 1.21, a current ratio of 2.06 and a debt-to-equity ratio of 0.95. Key Tronic has a 1 year low of $2.40 and a 1 year high of $4.42. The firm has a market cap of $44.03 million, a PE ratio of -2.53 and a beta of 1.19.

Wall Street Analyst Weigh In

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