Short Interest in TT Electronics plc (OTCMKTS:TTGPF) Declines By 74.6%

TT Electronics plc (OTCMKTS:TTGPF) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 12,800 shares, a decline of 74.6% from the October 31st total of 50,300 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 10.7 days.

TT Electronics Stock Performance

Shares of TTGPF opened at $1.35 on Friday. TT Electronics has a fifty-two week low of $0.91 and a fifty-two week high of $2.22. The firm has a 50 day moving average price of $1.28 and a 200-day moving average price of $1.55.

Analyst Upgrades and Downgrades

TTGPF has been the subject of several research analyst reports. Royal Bank of Canada upgraded shares of TT Electronics to a “moderate buy” rating in a research report on Tuesday, September 17th. Barclays upgraded shares of TT Electronics to a “strong-buy” rating in a research report on Friday, August 9th.

TT Electronics Company Profile

TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.