Short Interest in Key Tronic Corporation (NASDAQ:KTCC) Decreases By 37.6%

Key Tronic Corporation (NASDAQ:KTCC) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 15,308 shares, a decrease of 37.6% from the February 12th total of 24,532 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 10,347 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 10,347 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Key Tronic

A number of institutional investors and hedge funds have recently modified their holdings of KTCC. Goldman Sachs Group Inc. grew its holdings in shares of Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after acquiring an additional 9,327 shares during the period. Bensler LLC bought a new position in Key Tronic in the third quarter valued at about $109,000. Finally, Moors & Cabot Inc. boosted its position in Key Tronic by 27.8% in the third quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after purchasing an additional 35,400 shares during the last quarter. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Key Tronic Stock Performance

KTCC stock traded down $0.04 on Friday, hitting $2.79. The company had a trading volume of 17,336 shares, compared to its average volume of 7,627. The company has a current ratio of 2.03, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89. Key Tronic has a 12-month low of $2.21 and a 12-month high of $3.70. The stock has a market cap of $30.30 million, a price-to-earnings ratio of -1.96 and a beta of 1.15. The stock’s 50-day simple moving average is $2.88 and its 200 day simple moving average is $2.97.

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.