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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Key Tronic in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Key Tronic has an average rating of “Sell”.

Institutional Trading of Key Tronic

Institutional investors and hedge funds have recently made changes to their positions in the company. Moors & Cabot Inc. boosted 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 during the last quarter. Bensler LLC purchased a new stake in Key Tronic in the 3rd quarter valued at about $109,000. Finally, Goldman Sachs Group Inc. lifted its position 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 buying an additional 9,327 shares in the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Key Tronic Stock Down 2.9%

Key Tronic stock traded down $0.08 during trading on Friday, hitting $2.69. 11,110 shares of the company were exchanged, compared to its average volume of 8,906. The company has a market capitalization of $29.21 million, a P/E ratio of -1.89 and a beta of 1.15. The business’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 company has a current ratio of 2.03, a quick ratio of 1.17 and a debt-to-equity ratio of 0.89.

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.