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

TAT Technologies Ltd. (NASDAQ:TATT) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 6,000 shares, a drop of 75.3% from the November 15th total of 24,300 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is presently 0.2 days.

TAT Technologies Stock Up 4.5 %

Shares of NASDAQ:TATT traded up $1.13 during mid-day trading on Wednesday, reaching $26.23. 121,319 shares of the stock were exchanged, compared to its average volume of 16,921. The company has a market cap of $265.00 million, a P/E ratio of 35.95 and a beta of 0.94. The stock’s 50 day simple moving average is $20.02 and its 200-day simple moving average is $16.96. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. TAT Technologies has a one year low of $9.08 and a one year high of $27.69.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Benchmark began coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They issued a “buy” rating and a $30.00 price target on the stock. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday.

Institutional Trading of TAT Technologies

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

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.