Short Interest in TT Electronics plc (OTCMKTS:TTGPF) Declines By 74.6%

TT Electronics plc (OTCMKTS:TTGPF) was the recipient of a significant decline in short interest during the month of 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.

Analyst Ratings Changes

Several brokerages have recently commented on TTGPF. Royal Bank of Canada upgraded shares of TT Electronics to a “moderate buy” rating in a research note on Tuesday, September 17th. Barclays raised shares of TT Electronics to a “strong-buy” rating in a research report on Friday, August 9th.

TT Electronics Stock Performance

OTCMKTS:TTGPF remained flat at $1.35 during midday trading on Wednesday. 42,040 shares of the company were exchanged, compared to its average volume of 6,925. TT Electronics has a 1-year low of $0.91 and a 1-year high of $2.22. The business has a fifty day moving average price of $1.29 and a two-hundred day moving average price of $1.55.

TT Electronics Company Profile

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.