Techtronic Industries Co. (OTCMKTS:TTNDY – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,146 shares, a drop of 39.6% from the August 15th total of 15,136 shares. Based on an average trading volume of 70,197 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Techtronic Industries Trading Down 1.1%
Shares of TTNDY traded down $0.88 during trading hours on Thursday, hitting $81.97. The company’s stock had a trading volume of 2,451 shares, compared to its average volume of 58,775. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.67 and a quick ratio of 0.79. Techtronic Industries has a 52-week low of $53.51 and a 52-week high of $94.60. The business has a 50 day simple moving average of $85.60 and a two-hundred day simple moving average of $78.35.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded shares of Techtronic Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.
About Techtronic Industries
Techtronic Industries Co Ltd. is a Hong Kong-based manufacturer of power tools, outdoor power equipment, and floor-care products. The company develops and sells cordless and corded tools, accessories, gardening equipment, and cleaning appliances for professional tradespeople, industrial users, and consumers.
Its principal brands include Milwaukee, known for professional power tools and jobsite equipment; RYOBI, which serves consumer and do-it-yourself markets; and AEG, which offers power tools and outdoor equipment.
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