TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 8,600 shares, a decline of 59.4% from the February 29th total of 21,200 shares. Based on an average daily trading volume, of 16,600 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on TAT Technologies in a research report on Thursday, January 4th. They issued a “buy” rating on the stock.

TAT Technologies Price Performance

Shares of NASDAQ:TATT traded up $0.18 during mid-day trading on Thursday, reaching $12.20. The stock had a trading volume of 469 shares, compared to its average volume of 15,819. The company has a current ratio of 2.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The company has a market cap of $123.22 million, a P/E ratio of 24.04 and a beta of 0.84. TAT Technologies has a 1 year low of $5.35 and a 1 year high of $13.75. The business’s 50 day moving average price is $12.33 and its 200 day moving average price is $10.29.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, March 6th. The aerospace company reported $0.04 EPS for the quarter. TAT Technologies had a return on equity of 5.75% and a net margin of 4.11%. The company had revenue of $31.84 million for the quarter.

Institutional Investors Weigh In On TAT Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TATT. Meitav Investment House Ltd. purchased a new stake in TAT Technologies during the fourth quarter valued at approximately $4,218,000. Marquette Asset Management LLC purchased a new stake in TAT Technologies during the fourth quarter valued at approximately $141,000. Finally, Northern Trust Corp purchased a new stake in TAT Technologies during the fourth quarter valued at approximately $124,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

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.