Key Tronic Co. (NASDAQ:KTCC) Short Interest Update

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Key Tronic Co. (NASDAQ:KTCC) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 154,900 shares, a growth of 29.5% from the January 15th total of 119,600 shares. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is currently 13.1 days. Currently, 1.6% of the company’s shares are sold short.

Several institutional investors and hedge funds have recently modified their holdings of the company. CWH Capital Management Inc. increased its holdings in shares of Key Tronic by 3.6% in the 3rd quarter. CWH Capital Management Inc. now owns 68,200 shares of the technology company’s stock valued at $433,000 after purchasing an additional 2,400 shares during the period. BlackRock Inc. increased its holdings in shares of Key Tronic by 6.4% in the 2nd quarter. BlackRock Inc. now owns 55,571 shares of the technology company’s stock valued at $278,000 after purchasing an additional 3,346 shares during the period. Ancora Advisors LLC increased its holdings in shares of Key Tronic by 11.2% in the 3rd quarter. Ancora Advisors LLC now owns 185,845 shares of the technology company’s stock valued at $1,180,000 after purchasing an additional 18,764 shares during the period. Moors & Cabot Inc. increased its holdings in shares of Key Tronic by 8.0% in the 3rd quarter. Moors & Cabot Inc. now owns 396,850 shares of the technology company’s stock valued at $2,520,000 after purchasing an additional 29,400 shares during the period. Finally, Tieton Capital Management LLC increased its holdings in shares of Key Tronic by 7.4% in the 4th quarter. Tieton Capital Management LLC now owns 967,466 shares of the technology company’s stock valued at $5,263,000 after purchasing an additional 66,710 shares during the period. Institutional investors own 48.15% of the company’s stock.

KTCC stock opened at $5.91 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.42. Key Tronic has a one year low of $4.83 and a one year high of $6.99. The firm has a market capitalization of $63.05 million, a PE ratio of -7.30 and a beta of 0.50. The firm has a 50-day moving average of $6.03 and a two-hundred day moving average of $5.73.

Key Tronic (NASDAQ:KTCC) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. Key Tronic had a negative net margin of 2.02% and a positive return on equity of 2.93%. The company had revenue of $116.72 million during the quarter.

About Key Tronic

Key Tronic Corporation, doing business as KeyTronicEMS Co, provides electronic manufacturing services (EMS) and solutions to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services.

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