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

Key Tronic Co. (NASDAQ:KTCC) saw 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 daily trading volume, of 38,700 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Key Tronic

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Key Tronic during the third quarter worth about $63,000. Northern Trust Corp lifted its holdings in Key Tronic by 59.3% during the 4th quarter. Northern Trust Corp now owns 52,423 shares of the technology company’s stock valued at $219,000 after purchasing an additional 19,513 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Key Tronic by 8.9% during the 3rd 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 during the last quarter. Renaissance Technologies LLC boosted its position in Key Tronic by 63.5% during the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after purchasing an additional 37,000 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in shares of Key Tronic by 9.3% in the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after purchasing an additional 12,023 shares during the last quarter. Institutional investors and hedge funds own 40.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Key Tronic in a research note on Friday, March 28th. They issued a “strong-buy” rating on the stock.

Key Tronic Stock Down 0.4 %

Key Tronic stock traded down $0.01 during mid-day trading on Thursday, reaching $2.57. The company’s stock had a trading volume of 19,918 shares, compared to its average volume of 26,161. The business’s 50 day simple moving average is $3.08 and its 200 day simple moving average is $4.45. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.71 and a current ratio of 2.78. Key Tronic has a 12 month low of $2.50 and a 12 month high of $6.14. The company has a market capitalization of $27.66 million, a price-to-earnings ratio of -4.52 and a beta of 1.52.

Key Tronic (NASDAQ:KTCC) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.38) earnings per share (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.