Short Interest in TT Electronics plc (OTCMKTS:TTGPF) Drops By 86.4%

TT Electronics plc (OTCMKTS:TTGPF) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,900 shares, a decrease of 86.4% from the September 30th total of 14,000 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTGPF. Barclays upgraded shares of TT Electronics to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada upgraded shares of TT Electronics to a “moderate buy” rating in a report on Tuesday, September 17th.

TT Electronics Price Performance

TTGPF remained flat at $1.10 during trading on Friday. TT Electronics has a 52 week low of $1.10 and a 52 week high of $2.22. The stock’s fifty day simple moving average is $1.50 and its 200-day simple moving average is $1.66.

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.