Short Interest in Kimball Electronics, Inc. (NASDAQ:KE) Increases By 31.4%

Kimball Electronics, Inc. (NASDAQ:KE) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 415,800 shares, a growth of 31.4% from the December 15th total of 316,500 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 114,100 shares, the days-to-cover ratio is presently 3.6 days.

Kimball Electronics Stock Up 0.6 %

Shares of KE traded up $0.11 during mid-day trading on Friday, reaching $19.17. The company had a trading volume of 83,263 shares, compared to its average volume of 107,580. Kimball Electronics has a 52 week low of $16.64 and a 52 week high of $25.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. The company has a market capitalization of $473.12 million, a price-to-earnings ratio of 37.59 and a beta of 1.25. The firm has a 50-day moving average price of $19.06 and a 200 day moving average price of $19.31.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Monday, November 4th. The electronics maker reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Kimball Electronics had a return on equity of 5.63% and a net margin of 0.78%. The firm had revenue of $374.26 million during the quarter, compared to analysts’ expectations of $376.70 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, sell-side analysts forecast that Kimball Electronics will post 0.96 EPS for the current year.

Hedge Funds Weigh In On Kimball Electronics

Institutional investors have recently made changes to their positions in the business. Point72 DIFC Ltd purchased a new position in Kimball Electronics during the third quarter valued at $25,000. nVerses Capital LLC bought a new position in shares of Kimball Electronics in the third quarter worth approximately $48,000. Quest Partners LLC purchased a new stake in shares of Kimball Electronics in the third quarter worth $61,000. SG Americas Securities LLC increased its stake in shares of Kimball Electronics by 78.5% in the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock worth $162,000 after purchasing an additional 3,849 shares in the last quarter. Finally, Quantbot Technologies LP raised its holdings in Kimball Electronics by 995.9% during the third quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock valued at $167,000 after acquiring an additional 8,196 shares during the period. Institutional investors own 75.99% of the company’s stock.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.