Key Tronic Co. (NASDAQ:KTCC) Short Interest Down 15.5% in March

Key Tronic Co. (NASDAQ:KTCC) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 12,000 shares, a decrease of 15.5% from the February 28th total of 14,200 shares. Based on an average trading volume of 38,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Key Tronic in a research note on Friday. They set a “strong-buy” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Key Tronic by 8.9% in the third quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after purchasing an additional 7,636 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Key Tronic in the 3rd quarter valued at $63,000. Tieton Capital Management LLC boosted its holdings in shares of Key Tronic by 23.1% in the 4th quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after buying an additional 140,573 shares in the last quarter. Northern Trust Corp grew its position in shares of Key Tronic by 59.3% in the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after buying an additional 19,513 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Key Tronic by 63.5% during the 4th quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after acquiring an additional 37,000 shares in the last quarter. Hedge funds and other institutional investors own 40.69% of the company’s stock.

Key Tronic Stock Up 0.8 %

Shares of NASDAQ:KTCC opened at $2.58 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 2.78 and a debt-to-equity ratio of 0.89. Key Tronic has a fifty-two week low of $2.50 and a fifty-two week high of $6.14. The stock has a market cap of $27.77 million, a price-to-earnings ratio of -4.53 and a beta of 1.52. The firm’s 50 day moving average price is $3.14 and its 200 day moving average price is $4.48.

Key Tronic (NASDAQ:KTCC) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.38) EPS for the quarter. Key Tronic had a negative return on equity of 3.23% and a negative net margin of 1.17%.

About Key Tronic

Key Tronic Corporation provides contract manufacturing services 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. Its services include product design; surface mount technologies and pin through hole capability for printed circuit board assembly; tool making; precision plastic molding; sheet metal fabrication and painting; liquid injection molding; complex assembly; prototype design; and full product assembly services.