TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 34.5% in July

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 9,100 shares, a decline of 34.5% from the July 15th total of 13,900 shares. Based on an average trading volume of 11,700 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

TAT Technologies Price Performance

Shares of TATT traded up $0.03 during midday trading on Friday, hitting $14.78. 3,120 shares of the company traded hands, compared to its average volume of 11,714. TAT Technologies has a one year low of $6.99 and a one year high of $16.24. The firm has a market cap of $149.27 million, a P/E ratio of 23.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 1.11. The stock has a 50-day moving average of $14.41 and a 200-day moving average of $13.22.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, May 22nd. The aerospace company reported $0.19 earnings per share for the quarter. TAT Technologies had a net margin of 4.99% and a return on equity of 7.17%. The business had revenue of $34.09 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered TAT Technologies from a “buy” rating to a “hold” rating in a report on Thursday.

Hedge Funds Weigh In On TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Marquette Asset Management LLC acquired a new position in TAT Technologies Ltd. (NASDAQ:TATT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,886 shares of the aerospace company’s stock, valued at approximately $141,000. Marquette Asset Management LLC owned about 0.16% of TAT Technologies as of its most recent filing with the Securities and Exchange Commission. 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.