TT Electronics plc (OTCMKTS:TTGPF) Short Interest Up 2,547.4% in October

TT Electronics plc (OTCMKTS:TTGPF) was the target of a significant increase in short interest in 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 trading volume, of 12,900 shares, the short-interest ratio is currently 3.9 days.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada upgraded TT Electronics to a “moderate buy” rating in a research report on Tuesday, September 17th. Barclays raised shares of TT Electronics to a “strong-buy” rating in a report on Friday, August 9th.

TT Electronics Stock Performance

TT Electronics stock remained flat at $0.98 on Tuesday. The business has a fifty day simple moving average of $1.41 and a two-hundred 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.

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.