Techtronic Industries Co. (OTCMKTS:TTNDY) Short Interest Update

Techtronic Industries Co. (OTCMKTS:TTNDY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,800 shares, a drop of 43.1% from the August 31st total of 10,200 shares. Based on an average daily trading volume, of 37,800 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 37,800 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, CLSA upgraded Techtronic Industries to a “strong-buy” rating in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Techtronic Industries Stock Down 0.2%

TTNDY opened at $62.35 on Friday. Techtronic Industries has a 12 month low of $44.44 and a 12 month high of $78.01. The firm’s fifty day simple moving average is $63.15 and its 200 day simple moving average is $58.11.

Techtronic Industries Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 29th. Stockholders of record on Thursday, September 4th were given a dividend of $0.7762 per share. This is an increase from Techtronic Industries’s previous dividend of $0.74. This represents a dividend yield of 231.0%. The ex-dividend date of this dividend was Wednesday, September 3rd.

About Techtronic Industries

Techtronic Industries Company Limited engages in the design, manufacture, and marketing of power tools, outdoor power equipment, and floorcare and cleaning products in the North America, Europe, and internationally. The company operates through Power Equipment, and Floorcare & Cleaning Segments. It offers power tools, power tool accessories, outdoor products, and outdoor product accessories under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, and HART brands, as well as to original equipment manufacturer (OEM) customers.