TT Electronics plc (OTCMKTS:TTGPF) Short Interest Update

TT Electronics plc (OTCMKTS:TTGPF) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 50,300 shares, an increase of 2,547.4% from the October 15th total of 1,900 shares. Based on an average daily volume of 12,900 shares, the short-interest ratio is presently 3.9 days.

Wall Street Analysts Forecast Growth

Several research firms have weighed in 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 upgraded shares of TT Electronics to a “strong-buy” rating in a research report on Friday, August 9th.

TT Electronics Price Performance

TTGPF stock opened at $0.98 on Wednesday. The company has a 50-day simple moving average of $1.40 and a 200 day simple moving average of $1.60. TT Electronics has a fifty-two week low of $0.98 and a fifty-two week high of $2.22.

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.