Taitron Components Inc. (NASDAQ:TAIT) Sees Large Growth in Short Interest

Taitron Components Inc. (NASDAQ:TAIT) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 4,400 shares, a growth of 18.9% from the June 15th total of 3,700 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is currently 0.4 days.

An institutional investor recently raised its position in Taitron Components stock. Renaissance Technologies LLC grew its stake in Taitron Components Inc. (NASDAQ:TAIT) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 299,051 shares of the company’s stock after purchasing an additional 11,500 shares during the quarter. Renaissance Technologies LLC owned approximately 5.20% of Taitron Components worth $849,000 as of its most recent filing with the SEC. 12.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:TAIT traded down $0.08 during midday trading on Tuesday, hitting $2.55. 1,400 shares of the company’s stock traded hands, compared to its average volume of 22,920. The firm’s fifty day moving average price is $2.54 and its two-hundred day moving average price is $2.59. Taitron Components has a twelve month low of $2.02 and a twelve month high of $3.99.

Separately, TheStreet lowered shares of Taitron Components from a “b-” rating to a “c+” rating in a report on Friday, April 24th.

Taitron Components Company Profile

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, passive components, transistors, and diodes.

Further Reading: What is a stock split?

Receive News & Ratings for Taitron Components Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taitron Components and related companies with MarketBeat.com's FREE daily email newsletter.