Key Tronic Corporation (NASDAQ:KTCC) Short Interest Down 37.6% in February

Key Tronic Corporation (NASDAQ:KTCC) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 15,308 shares, a drop of 37.6% from the February 12th total of 24,532 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 10,347 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 10,347 shares, the short-interest ratio is presently 1.5 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Key Tronic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in shares of Key Tronic by 65.9% during the first quarter. Goldman Sachs Group Inc. now owns 23,480 shares of the technology company’s stock worth $61,000 after buying an additional 9,327 shares in the last quarter. Bensler LLC acquired a new position in shares of Key Tronic in the 3rd quarter worth approximately $109,000. Finally, Moors & Cabot Inc. grew its position in Key Tronic by 27.8% during the 3rd quarter. Moors & Cabot Inc. now owns 162,950 shares of the technology company’s stock worth $582,000 after acquiring an additional 35,400 shares during the last quarter. 40.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Key Tronic in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Key Tronic Price Performance

Shares of NASDAQ:KTCC traded down $0.04 on Friday, hitting $2.79. The stock had a trading volume of 17,336 shares, compared to its average volume of 8,092. Key Tronic has a twelve month low of $2.21 and a twelve month high of $3.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.17 and a current ratio of 2.03. The firm’s 50 day moving average price is $2.88 and its 200-day moving average price is $2.97. The company has a market capitalization of $30.30 million, a price-to-earnings ratio of -1.96 and a beta of 1.15.

About Key Tronic

Key Tronic Corporation (NASDAQ: KTCC) is a global electronics manufacturer headquartered in Spokane, Washington. The company specializes in the design, development and production of human-machine interfaces and input devices, with a core legacy in keyboard technology. Over more than five decades, Key Tronic has expanded its capabilities beyond keyboards to encompass a broad range of electronic assemblies for OEMs across computing, industrial, medical and consumer markets.

Key Tronic’s product portfolio includes membrane and mechanical keyboards, touch panels, silicone keypads and custom input solutions tailored to customer specifications.