TTM Technologies June 15th Short Interest Update

TTM Technologies (NASDAQ:TTMI) has witnessed a rise of 2% or 145,423 shares in its short figure. The short interest augmentation took it from 7,190,646 on May 31,2016 to 7,336,069 on June 15,2016. In terms of floated shares, the short interest was calculated to be 11.1%. The days to cover are 15 given that the daily volume averaged 487,706 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

TTM Technologies (NASDAQ:TTMI): The stock opened at $7.55 on Friday but the bulls could not build on the opening and the stock topped out at $7.77 for the day. The stock traded down to $7.40 during the day, due to lack of any buying support eventually closed down at $7.48 with a loss of -6.15% for the day. The stock had closed at $7.97 on the previous day. The total traded volume was 2,037,423 shares.

The company shares have dropped -25.05% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $10.25 and the one year low was seen on Feb 5, 2016. The 50-Day Moving Average price is $7.38 and the 200 Day Moving Average price is recorded at $6.62.

TTM Technologies (NASDAQ:TTMI) has tumbled 5.2% during the past week and has dropped 2.09% in the last 4 week period. The stocks have underperformed the S&P 500 by 3.62% during the past week but TTM Technologies (NASDAQ:TTMI) it has outperformed the index in 4 weeks by 0.87%.

TTM Technologies, Inc. is a provider of printed circuit board (PCB) products and backplane assemblies, which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the Peoples Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific, which consists of five PCB fabrication plants, and North America, which consists of seven domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants, and one backplane assembly plant in Shanghai, China, which is managed in conjunction with its United States operations. It serves a range of customer base in various markets, including manufacturers of networking/communications infrastructure products, smartphones, and touchscreen tablets, as well as the aerospace and defense, high-end computing, and industrial/medical industries.

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