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

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

Hedge Funds Weigh In On Key Tronic

Large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of Key Tronic during the third quarter worth about $63,000. Northern Trust Corp raised its position in shares of Key Tronic by 59.3% during the fourth 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. Renaissance Technologies LLC boosted its position in shares of 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 acquiring an additional 37,000 shares during the last quarter. Geode Capital Management LLC grew its stake in Key Tronic by 8.9% during the third quarter. Geode Capital Management LLC now owns 93,778 shares of the technology company’s stock valued at $537,000 after acquiring an additional 7,636 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in Key Tronic by 9.3% in the 4th quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after acquiring an additional 12,023 shares during the last quarter. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Key Tronic Stock Performance

Shares of KTCC stock traded up $0.03 during trading hours on Wednesday, reaching $2.58. 9,267 shares of the company traded hands, compared to its average volume of 26,079. The firm has a 50-day moving average price of $3.11 and a 200 day moving average price of $4.46. The company has a market cap of $27.77 million, a P/E ratio of -4.53 and a beta of 1.52. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.78 and a quick ratio of 1.71. Key Tronic has a 12-month low of $2.50 and a 12-month high of $6.14.

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