Taitron Components Incorporated (NASDAQ:TAIT) Sees Significant Increase in Short Interest

Taitron Components Incorporated (NASDAQ:TAIT) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 8,000 shares, an increase 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 currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Taitron Components Trading Up 0.4 %

TAIT stock traded up $0.01 during trading on Wednesday, hitting $2.71. The company had a trading volume of 9,162 shares, compared to its average volume of 13,284. The company has a market cap of $16.31 million, a P/E ratio of 11.83 and a beta of 0.49. The company has a fifty day moving average price of $2.84 and a two-hundred day moving average price of $2.85. Taitron Components has a fifty-two week low of $2.52 and a fifty-two week high of $3.61.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.38%. The ex-dividend date of this dividend is Friday, November 15th. Taitron Components’s dividend payout ratio (DPR) is 86.96%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Taitron Components in a research note on Tuesday. They set a “hold” rating on the stock.

About Taitron Components

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.