Key Tronic Co. (NASDAQ:KTCC) Short Interest Update

Key Tronic Co. (NASDAQ:KTCC) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 31,500 shares, a drop of 5.7% from the June 15th total of 33,400 shares. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is currently 1.9 days. Currently, 0.3% of the company’s stock are sold short.

KTCC stock remained flat at $$4.93 during mid-day trading on Wednesday. 5 shares of the company’s stock traded hands, compared to its average volume of 17,399. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.06 and a current ratio of 2.14. The firm has a market cap of $53.04 million, a P/E ratio of 17.00 and a beta of 0.41. The firm’s fifty day moving average is $5.02. Key Tronic has a 52-week low of $4.93 and a 52-week high of $8.23.

Key Tronic (NASDAQ:KTCC) last announced its earnings results on Tuesday, April 30th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Key Tronic had a negative net margin of 1.59% and a positive return on equity of 3.86%. The firm had revenue of $107.95 million for the quarter. On average, analysts predict that Key Tronic will post -0.74 earnings per share for the current fiscal year.

Separately, TheStreet downgraded shares of ZTO Express (Cayman) from a “b+” rating to a “c” rating in a report on Wednesday, May 1st.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Key Tronic by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 891,765 shares of the technology company’s stock valued at $5,038,000 after purchasing an additional 6,871 shares during the last quarter. Tieton Capital Management LLC raised its holdings in shares of Key Tronic by 33.5% in the first quarter. Tieton Capital Management LLC now owns 816,833 shares of the technology company’s stock valued at $5,040,000 after purchasing an additional 205,012 shares during the last quarter. Finally, Moors & Cabot Inc. raised its holdings in shares of Key Tronic by 114.7% in the first quarter. Moors & Cabot Inc. now owns 740,100 shares of the technology company’s stock valued at $4,560,000 after purchasing an additional 395,425 shares during the last quarter. Institutional investors own 46.14% of the company’s stock.

Key Tronic Company Profile

Key Tronic Corporation, doing business as KeyTronicEMS Co, provides electronic manufacturing services (EMS) and solutions to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services.

Further Reading: Trading based on a resistance level

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