Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Expands By 34.3%

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 24,300 shares, an increase of 34.3% from the October 31st total of 18,100 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,900 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded TAT Technologies from a “buy” rating to a “hold” rating in a research note on Saturday.

Institutional Trading of TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd bought a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Price Performance

TATT traded up $0.71 during trading on Friday, reaching $22.78. 13,286 shares of the stock were exchanged, compared to its average volume of 15,208. The business’s 50 day moving average price is $19.18 and its two-hundred day moving average price is $16.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29. The company has a market capitalization of $230.08 million, a price-to-earnings ratio of 30.78 and a beta of 0.88. TAT Technologies has a 1 year low of $9.08 and a 1 year high of $24.29.

TAT Technologies (NASDAQ:TATT) last posted its earnings results on Wednesday, August 28th. The aerospace company reported $0.25 EPS for the quarter. The company had revenue of $36.53 million for the quarter. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

TAT Technologies Company Profile

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.