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

Key Points

• Techtronic Industries experienced a substantial decline in short interest, falling by 43.1% to 5,800 shares in September.
• The company recently declared a $0.7762 dividend, marking an increase from the previous payout of $0.74, resulting in a notable dividend yield of 231.0%.
• CLSA has upgraded Techtronic Industries to a "strong-buy" rating, joining other analysts who collectively rate the stock as "Strong Buy."

Techtronic Industries Co. (OTCMKTS:TTNDY - Get Free Report) saw a significant 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 trading volume of 37,800 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 37,800 shares, the days-to-cover ratio is currently 0.2 days.

Techtronic Industries Price Performance

TTNDY stock opened at $62.35 on Friday. Techtronic Industries has a twelve month low of $44.44 and a twelve month high of $78.01. The business's fifty day moving average is $63.15 and its 200-day moving average is $58.11.

Techtronic Industries Increases Dividend

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

Analysts Set New Price Targets

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

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.

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