Kimball Electronics, Inc. (NASDAQ:KE) Short Interest Up 31.4% in December

Kimball Electronics, Inc. (NASDAQ:KE) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 415,800 shares, a growth of 31.4% from the December 15th total of 316,500 shares. Based on an average trading volume of 114,100 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Kimball Electronics

Institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of Kimball Electronics by 96.4% in the 3rd quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock worth $1,218,000 after purchasing an additional 32,271 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in Kimball Electronics by 289.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker’s stock valued at $658,000 after acquiring an additional 26,402 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Kimball Electronics by 11.0% during the third quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker’s stock valued at $5,620,000 after acquiring an additional 29,993 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Kimball Electronics by 39.7% during the second quarter. American Century Companies Inc. now owns 198,560 shares of the electronics maker’s stock worth $4,364,000 after acquiring an additional 56,468 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kimball Electronics by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock worth $1,768,000 after acquiring an additional 556 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Up 0.6 %

Shares of NASDAQ:KE opened at $19.17 on Friday. The firm has a fifty day moving average price of $19.06 and a two-hundred day moving average price of $19.31. The company has a market cap of $473.12 million, a price-to-earnings ratio of 37.59 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.28 and a quick ratio of 1.30. Kimball Electronics has a one year low of $16.64 and a one year high of $25.22.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Monday, November 4th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $374.26 million during the quarter, compared to analyst estimates of $376.70 million. Kimball Electronics had a return on equity of 5.63% and a net margin of 0.78%. During the same quarter last year, the company earned $0.43 earnings per share. Analysts anticipate that Kimball Electronics will post 0.96 EPS for the current fiscal year.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.