Short Interest in Kimball Electronics, Inc. (NASDAQ:KE) Declines By 19.5%

Kimball Electronics, Inc. (NASDAQ:KE - Get Free Report) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 389,500 shares, a decrease of 19.5% from the February 28th total of 484,100 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 135,400 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Investors Weigh In On Kimball Electronics

Institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kimball Electronics by 0.6% during the third 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 purchasing an additional 556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kimball Electronics by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker's stock worth $263,000 after buying an additional 608 shares in the last quarter. ExodusPoint Capital Management LP boosted its stake in shares of Kimball Electronics by 4.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker's stock worth $446,000 after acquiring an additional 979 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Kimball Electronics by 3.7% during the 4th quarter. BNP Paribas Financial Markets now owns 28,937 shares of the electronics maker's stock valued at $542,000 after acquiring an additional 1,039 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in shares of Kimball Electronics in the 3rd quarter valued at about $25,000. Institutional investors and hedge funds own 75.99% of the company's stock.

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Kimball Electronics Trading Down 5.8 %

KE traded down $0.80 during trading on Friday, hitting $12.92. 61,135 shares of the stock were exchanged, compared to its average volume of 118,085. Kimball Electronics has a 1 year low of $12.57 and a 1 year high of $24.45. The firm has a market cap of $317.13 million, a price-to-earnings ratio of 40.27 and a beta of 1.21. The firm has a 50 day simple moving average of $17.22 and a 200 day simple moving average of $18.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. As a group, equities analysts expect that Kimball Electronics will post 0.89 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Lake Street Capital dropped their target price on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.75.

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.