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

Techtronic Industries Co. (OTCMKTS:TTNDY) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,800 shares, a decrease 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.

Techtronic Industries Trading Down 0.2%

Shares of TTNDY stock opened at $62.35 on Friday. The business’s 50 day moving average is $63.15 and its two-hundred day moving average is $58.08. Techtronic Industries has a 12-month low of $44.44 and a 12-month high of $78.01.

Techtronic Industries Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, September 29th. Shareholders of record on Thursday, September 4th were issued a dividend of $0.7762 per share. This is a positive change from Techtronic Industries’s previous dividend of $0.74. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a yield of 231.0%.

Wall Street Analyst Weigh In

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

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.