Techtronic Industries Co. (OTCMKTS:TTNDY) Sees Significant Decline in Short Interest

Techtronic Industries Co. (OTCMKTS:TTNDY) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 1,700 shares, a decrease of 29.2% from the September 30th total of 2,400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 65,500 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 65,500 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Techtronic Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Techtronic Industries presently has an average rating of “Buy”.

Techtronic Industries Price Performance

Shares of OTCMKTS TTNDY opened at $57.92 on Tuesday. The firm has a fifty day moving average price of $62.27 and a 200-day moving average price of $59.19. Techtronic Industries has a 1 year low of $44.44 and a 1 year high of $75.74.

Techtronic Industries Increases Dividend

The business also recently announced a dividend, which was paid on Monday, September 29th. Investors of record on Thursday, September 4th were paid a dividend of $0.7762 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This is a positive change from Techtronic Industries’s previous dividend of $0.74. This represents a yield of 231.0%.

Techtronic Industries Company Profile

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products in the North America, Europe, and internationally. The company operates through Power Equipment, and Floorcare & Cleaning Segments. It offers power tools, power tool accessories, outdoor products, and outdoor product accessories under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, and HART brands, as well as to original equipment manufacturer (OEM) customers.