TAT Technologies Ltd. (NASDAQ:TATT) Sees Large Growth in Short Interest

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 24,300 shares, an increase of 34.3% from the October 31st total of 18,100 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TAT Technologies stock. Y.D. More Investments Ltd acquired a new position in TAT Technologies Ltd. (NASDAQ:TATT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned about 0.87% of TAT Technologies as of its most recent SEC filing. 15.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday.

TAT Technologies Trading Up 3.2 %

Shares of NASDAQ:TATT traded up $0.71 on Friday, hitting $22.78. The company had a trading volume of 13,286 shares, compared to its average volume of 15,208. The firm has a market capitalization of $230.08 million, a price-to-earnings ratio of 30.78 and a beta of 0.88. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $19.18 and its two-hundred day simple moving average is $16.41. TAT Technologies has a 1 year low of $9.08 and a 1 year high of $24.29.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share (EPS) for the quarter. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%. The business had revenue of $36.53 million for the quarter.

About TAT Technologies

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.