Key Tronic Corporation (NASDAQ:KTCC) Sees Significant Decrease in Short Interest

Key Tronic Corporation (NASDAQ:KTCC) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 13,613 shares, a decline of 40.9% from the May 31st total of 23,053 shares. Based on an average trading volume of 38,209 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Key Tronic

Several institutional investors have recently added to or reduced their stakes in KTCC. Goldman Sachs Group Inc. boosted its holdings in Key Tronic by 65.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock valued at $61,000 after purchasing an additional 9,327 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Key Tronic by 27.8% during 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 in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Key Tronic by 105.7% during the 1st quarter. Sei Investments Co. now owns 345,650 shares of the technology company’s stock worth $944,000 after buying an additional 177,591 shares during the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Key Tronic Stock Down 0.2%

NASDAQ KTCC traded down $0.01 during trading on Wednesday, reaching $4.12. 22,752 shares of the company’s stock were exchanged, compared to its average volume of 16,102. The company has a 50 day moving average price of $3.45 and a two-hundred day moving average price of $3.02. The stock has a market cap of $44.74 million, a P/E ratio of -2.57 and a beta of 1.22. Key Tronic has a 1 year low of $2.40 and a 1 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.

Wall Street Analyst Weigh In

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