Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,000 shares, a growth of 185.7% from the October 31st total of 2,800 shares. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are short sold.

Taitron Components Price Performance

TAIT traded up $0.04 during mid-day trading on Thursday, hitting $2.74. The stock had a trading volume of 18,133 shares, compared to its average volume of 13,323. Taitron Components has a 1-year low of $2.52 and a 1-year high of $3.61. The firm has a market capitalization of $16.49 million, a price-to-earnings ratio of 11.91 and a beta of 0.49. The stock’s fifty day simple moving average is $2.84 and its 200-day simple moving average is $2.85.

Taitron Components Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.30%. The ex-dividend date was Friday, November 15th. Taitron Components’s dividend payout ratio is 86.96%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Taitron Components in a research report on Tuesday. They issued a “hold” rating for the company.

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.