Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Up 20.0% in October

Taitron Components Incorporated (NASDAQ:TAIT) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 3,600 shares, an increase of 20.0% from the September 30th total of 3,000 shares. Based on an average daily trading volume, of 8,900 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Taitron Components in a report on Friday, October 25th. They issued a “hold” rating for the company.

Taitron Components Price Performance

Shares of Taitron Components stock opened at $2.89 on Wednesday. The firm has a fifty day moving average price of $2.88 and a 200 day moving average price of $2.90. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.61. The stock has a market cap of $17.40 million, a PE ratio of 10.32 and a beta of 0.48.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter. Taitron Components had a net margin of 32.00% and a return on equity of 8.87%. The firm had revenue of $1.22 million during the quarter.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, August 16th. This represents a $0.20 annualized dividend and a dividend yield of 6.92%. Taitron Components’s dividend payout ratio (DPR) is presently 71.43%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned about 4.39% of Taitron Components at the end of the most recent reporting period. Institutional investors and hedge funds own 18.09% of the company’s stock.

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, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.