Kimball Electronics Inc (NASDAQ:KE) Short Interest Update

Kimball Electronics Inc (NASDAQ:KE) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 263,700 shares, a decline of 11.5% from the September 30th total of 298,100 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 59,400 shares, the short-interest ratio is presently 4.4 days.

Shares of NASDAQ KE traded down $0.03 during mid-day trading on Monday, reaching $17.27. 38,100 shares of the company were exchanged, compared to its average volume of 63,823. Kimball Electronics has a 52 week low of $12.48 and a 52 week high of $18.49. The company has a quick ratio of 1.31, a current ratio of 2.12 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $436.96 million, a PE ratio of 13.65 and a beta of 1.08. The company’s 50 day moving average price is $15.34 and its 200 day moving average price is $15.12.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Kimball Electronics in the second quarter worth $231,000. Vanguard Group Inc. lifted its stake in Kimball Electronics by 0.4% in the second quarter. Vanguard Group Inc. now owns 1,293,619 shares of the electronics maker’s stock worth $21,008,000 after purchasing an additional 5,462 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Kimball Electronics by 6.4% in the third quarter. Russell Investments Group Ltd. now owns 770,244 shares of the electronics maker’s stock worth $11,181,000 after purchasing an additional 46,461 shares during the last quarter. Front Street Capital Management Inc. bought a new stake in Kimball Electronics in the second quarter worth $552,000. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Kimball Electronics by 26.0% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 75,200 shares of the electronics maker’s stock worth $1,221,000 after purchasing an additional 15,500 shares during the last quarter. 61.92% of the stock is owned by institutional investors.

KE has been the subject of a number of recent research reports. TheStreet upgraded shares of Kimball Electronics from a “c+” rating to a “b-” rating in a research note on Wednesday, November 6th. ValuEngine lowered shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, BidaskClub raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th.

Kimball Electronics Company Profile

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.

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