Techtronic Industries Co. (OTCMKTS:TTNDY) Sees Significant Drop in Short Interest

Techtronic Industries Co. (OTCMKTS:TTNDY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 13,123 shares, a drop of 39.2% from the May 14th total of 21,601 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 126,972 shares, the days-to-cover ratio is currently 0.1 days.

Techtronic Industries Price Performance

Shares of Techtronic Industries stock opened at $75.60 on Monday. The business has a 50-day moving average of $73.50 and a 200 day moving average of $69.26. Techtronic Industries has a 12 month low of $53.20 and a 12 month high of $81.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.79 and a current ratio of 1.67.

Analyst Ratings Changes

Separately, Zacks Research downgraded Techtronic Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Techtronic Industries Company Profile

Techtronic Industries Company Limited (TTI) is a Hong Kong‑based global manufacturer and marketer of tools and equipment for professional, industrial and consumer markets. The company develops and sells power tools, outdoor power equipment, hand tools, accessories and floorcare products. TTI’s product strategy emphasizes cordless and battery‑powered platforms, integrating advanced battery chemistry and brushless motor technology to serve trade professionals and DIY consumers seeking portable, high‑performance solutions.

TTI markets its products through a portfolio of well‑known brands and a broad distribution network that includes wholesalers, home improvement retailers, specialist dealerships and online channels.