Short Interest in Techtronic Industries Co. (OTCMKTS:TTNDY) Decreases By 29.2%

Techtronic Industries Co. (OTCMKTS:TTNDY) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,700 shares, a decline of 29.2% from the September 30th total of 2,400 shares. Based on an average daily volume of 65,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 65,500 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Techtronic Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Techtronic Industries Stock Down 3.2%

TTNDY stock opened at $58.53 on Monday. The company has a fifty day moving average price of $62.43 and a two-hundred day moving average price of $59.12. Techtronic Industries has a one year low of $44.44 and a one year high of $75.74.

Techtronic Industries Increases Dividend

The company also recently announced a dividend, which was paid on Monday, September 29th. Stockholders of record on Thursday, September 4th were issued 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.

Techtronic Industries Company Profile

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.