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

Key Tronic Co. (NASDAQ:KTCC) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 12,000 shares, a drop of 15.5% from the February 28th total of 14,200 shares. Based on an average daily trading volume, of 38,700 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Key Tronic Stock Up 1.2 %

Shares of NASDAQ KTCC traded up $0.03 on Wednesday, reaching $2.58. 9,267 shares of the company’s stock traded hands, compared to its average volume of 26,079. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89. The business’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $4.46. Key Tronic has a 12 month low of $2.50 and a 12 month high of $6.14. The company has a market cap of $27.77 million, a price-to-earnings ratio of -4.53 and a beta of 1.52.

Key Tronic (NASDAQ:KTCC) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share (EPS) for the quarter. Key Tronic had a negative return on equity of 3.23% and a negative net margin of 1.17%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Key Tronic in a report on Friday, March 28th. They set a “strong-buy” rating on the stock.

Institutional Investors Weigh In On Key Tronic

Several large investors have recently bought and sold shares of KTCC. Virtu Financial LLC purchased a new position in shares of Key Tronic during the third quarter valued at approximately $63,000. Northern Trust Corp grew its position in Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock worth $219,000 after purchasing an additional 19,513 shares during the period. Renaissance Technologies LLC raised its stake in Key Tronic by 63.5% during the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after buying an additional 37,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Key Tronic by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after buying an additional 7,636 shares during the period. Finally, Kennedy Capital Management LLC boosted its stake in shares of Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock worth $591,000 after buying an additional 12,023 shares during the last quarter. 40.69% of the stock is currently owned by institutional investors.

Key Tronic Company Profile

Key Tronic Corporation provides contract manufacturing services 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. Its services include product design; surface mount technologies and pin through hole capability for printed circuit board assembly; tool making; precision plastic molding; sheet metal fabrication and painting; liquid injection molding; complex assembly; prototype design; and full product assembly services.