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

Key Points

• Short interest in Techtronic Industries Co. dropped significantly by 69.4% in August, decreasing from 34,300 shares to 10,500 shares.
• Wall Street analysts have a consensus rating of "Strong Buy" for Techtronic Industries, indicating positive growth expectations.
• The company recently increased its dividend to $0.7762 per share, representing a yield of 231.0%, with payments set for September 29th.

Techtronic Industries Co. (OTCMKTS:TTNDY - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 10,500 shares, adeclineof69.4% from the July 31st total of 34,300 shares. Based on an average daily volume of 67,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 67,700 shares, the days-to-cover ratio is currently 0.2 days.

Techtronic Industries Trading Up 1.2%

Shares of TTNDY traded up $0.71 during trading hours on Friday, reaching $61.96. 14,683 shares of the company traded hands, compared to its average volume of 34,644. The company's fifty day moving average price is $60.66 and its two-hundred day moving average price is $58.59. The company has a current ratio of 1.57, a quick ratio of 0.74 and a debt-to-equity ratio of 0.23. Techtronic Industries has a 12 month low of $44.44 and a 12 month high of $78.85.

Techtronic Industries Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 29th. Shareholders of record on Thursday, September 4th will be issued a $0.7762 dividend. This represents a yield of 231.0%. This is a positive change from Techtronic Industries's previous dividend of $0.74. The ex-dividend date is Wednesday, September 3rd.

Analyst Upgrades and Downgrades

Separately, CLSA upgraded Techtronic Industries to a "strong-buy" rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average 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.