Short Interest Update on TTM Technologies (TTMI)

TTM Technologies (TTMI) : Traders are getting increasingly bearish on TTM Technologies (TTMI), as can be seen in the addition of short positions from 7,247,367 on Jul 29, 2016, to 7,558,204 on August 15, 2016. The net change in shorts is 310,837 shares, an increase of 4.3%. 5 days remain before the expiry. The 11.1% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 1,566,551. The short interest information was released on Wednesday Aug 24th after the market close.

TTM Technologies (NASDAQ:TTMI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.41 and $10.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.52, notching a gain of 1.35% for the day. The total traded volume was 1,195,345 . The stock had closed at $10.38 on the previous day.


In a related news, Hardwick William Kent, officer (Sr. Vice President – Sales) of Ttm Technologies Inc, unloaded 400 shares at an average price of $10.58 on August 16, 2016. The total amount of the transaction was worth $4,232, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.