Short Interest in TT Electronics plc (OTCMKTS:TTGPF) Increases By 2,547.4%

TT Electronics plc (OTCMKTS:TTGPF) was the recipient of a large 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 days-to-cover ratio is presently 3.9 days.

TT Electronics Price Performance

Shares of OTCMKTS:TTGPF remained flat at $0.98 on Tuesday. TT Electronics has a fifty-two week low of $0.98 and a fifty-two week high of $2.22. The business’s 50-day moving average price is $1.41 and its 200 day moving average price is $1.60.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada upgraded 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 note on Friday, August 9th.

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.