TT Electronics plc (OTCMKTS:TTGPF – Get Free Report) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 12,800 shares, a decline of 74.6% from the October 31st total of 50,300 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is presently 10.7 days.
TT Electronics Stock Performance
Shares of TTGPF remained flat at $1.35 during midday trading on Thursday. TT Electronics has a 12-month low of $0.91 and a 12-month high of $2.22. The business’s 50-day moving average price is $1.28 and its 200 day moving average price is $1.55.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on TTGPF shares. Barclays raised shares of TT Electronics to a “strong-buy” rating in a research report on Friday, August 9th. Royal Bank of Canada upgraded shares of TT Electronics to a “moderate buy” rating in a research note on Tuesday, September 17th.
About TT Electronics
TT Electronics plc provides design-led advanced electronics technologies for performance critical applications in the healthcare, aerospace and defense, and automation and electrification markets in the United Kingdom, Rest of Europe, North America, Asia, and internationally. The company operates through three segments: Power and Connectivity, Global Manufacturing Solutions, and Sensors and Specialist Components.
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