Short Interest in Key Tronic Corporation (NASDAQ:KTCC) Expands By 47.2%

Key Tronic Corporation (NASDAQ:KTCC) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 22,529 shares, a growth of 47.2% from the February 26th total of 15,308 shares. Based on an average daily volume of 6,504 shares, the short-interest ratio is currently 3.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KTCC. Goldman Sachs Group Inc. raised its holdings in 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 acquiring an additional 9,327 shares during the period. Bensler LLC acquired a new position in shares of Key Tronic in the third quarter valued at approximately $109,000. Finally, Moors & Cabot Inc. grew its position in shares of Key Tronic by 27.8% in the third 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. 40.69% of the stock is owned by institutional investors.

Key Tronic Stock Performance

KTCC traded down $0.08 during trading hours on Friday, reaching $2.69. The company’s stock had a trading volume of 11,110 shares, compared to its average volume of 8,906. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 2.03. The company’s 50-day moving average is $2.88 and its 200-day moving average is $2.95. Key Tronic has a 52 week low of $2.21 and a 52 week high of $3.70. The firm has a market cap of $29.21 million, a PE ratio of -1.89 and a beta of 1.15.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Key Tronic presently 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.