Key Tronic Corporation (NASDAQ:KTCC) Short Interest Update

Key Tronic Corporation (NASDAQ:KTCC) was the target of a large growth in short interest during the month of 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. Based on an average daily volume of 29,116 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the shares of the company are short sold.

Key Tronic Stock Performance

Shares of NASDAQ:KTCC traded down $0.10 on Thursday, hitting $4.12. 3,466 shares of the company were exchanged, compared to its average volume of 15,558. The company’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $3.13. Key Tronic has a one year low of $2.40 and a one year high of $4.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 2.06. The firm has a market capitalization of $44.69 million, a price-to-earnings ratio of -2.57 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 report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Key Tronic

A number of hedge funds have recently modified their holdings of KTCC. Goldman Sachs Group Inc. grew 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 purchasing an additional 9,327 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Key Tronic by 27.8% in the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after acquiring an additional 35,400 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of 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 last quarter. Institutional investors own 40.69% of the company’s stock.

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.