TT Electronics PLC (OTCMKTS:TTGPF) Sees Large Drop in Short Interest

TT Electronics PLC (OTCMKTS:TTGPF) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 100 shares, a decline of 95.6% from the July 15th total of 2,268 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 15,073 shares, the days-to-cover ratio is presently 0.0 days.

TT Electronics Stock Performance

Shares of TT Electronics stock remained flat at $1.79 during mid-day trading on Tuesday. TT Electronics has a 12 month low of $1.28 and a 12 month high of $2.05. The firm has a fifty day moving average of $1.58 and a 200-day moving average of $1.52. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.97 and a current ratio of 1.71.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of TT Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, TT Electronics has a consensus rating of “Strong Buy”.

TT Electronics Company Profile

TT Electronics plc is a global provider of engineered electronics for performance-critical applications. The company develops and manufactures a range of sensors, precision resistors, magnetics and power modules, as well as connectors and cable assemblies. Its solutions support industries such as transportation, medical devices, industrial automation, defense and aerospace.

Operating from manufacturing and design centers across Europe, North America and Asia, TT Electronics serves a diverse international customer base.