Kimball Electronics, Inc. (NASDAQ:KE) Sees Large Increase in Short Interest

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KE. Barclays PLC lifted its holdings in Kimball Electronics by 96.4% in the 3rd quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock worth $1,218,000 after buying an additional 32,271 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in Kimball Electronics by 289.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker’s stock valued at $658,000 after acquiring an additional 26,402 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Kimball Electronics by 11.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker’s stock valued at $5,620,000 after purchasing an additional 29,993 shares during the period. American Century Companies Inc. raised its holdings in Kimball Electronics by 39.7% in the 2nd quarter. American Century Companies Inc. now owns 198,560 shares of the electronics maker’s stock worth $4,364,000 after purchasing an additional 56,468 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kimball Electronics by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock worth $1,768,000 after purchasing an additional 556 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Performance

Shares of KE stock opened at $19.17 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. Kimball Electronics has a fifty-two week low of $16.64 and a fifty-two week high of $25.22. The company has a market capitalization of $473.12 million, a P/E ratio of 37.59 and a beta of 1.25. The stock has a 50 day moving average price of $19.06 and a two-hundred day moving average price of $19.31.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Monday, November 4th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $374.26 million for the quarter, compared to analyst estimates of $376.70 million. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. During the same quarter last year, the firm earned $0.43 EPS. Analysts expect that Kimball Electronics will post 0.96 earnings per share for the current year.

Kimball Electronics Company Profile

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.