Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Decreases By 59.4%

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 8,600 shares, a drop of 59.4% from the February 29th total of 21,200 shares. Approximately 0.2% of the company's shares are short sold. Based on an average trading volume of 16,600 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of TAT Technologies in a research note on Thursday, January 4th. They issued a "buy" rating on the stock.

TAT Technologies Trading Up 0.7 %

TATT traded up $0.09 during mid-day trading on Thursday, hitting $12.11. The stock had a trading volume of 2,717 shares, compared to its average volume of 15,858. The stock's fifty day simple moving average is $12.33 and its 200-day simple moving average is $10.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.40 and a quick ratio of 1.10. The firm has a market capitalization of $122.31 million, a price-to-earnings ratio of 24.40 and a beta of 0.84. TAT Technologies has a 1-year low of $5.35 and a 1-year high of $13.75.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its earnings results on Wednesday, March 6th. The aerospace company reported $0.04 earnings per share for the quarter. The company had revenue of $31.84 million for the quarter. TAT Technologies had a net margin of 4.11% and a return on equity of 5.75%.

Institutional Investors Weigh In On TAT Technologies

Hedge funds have recently bought and sold shares of the company. Northern Trust Corp acquired a new stake in TAT Technologies in the fourth quarter worth $124,000. Marquette Asset Management LLC acquired a new stake in shares of TAT Technologies during the fourth quarter worth $141,000. Finally, Meitav Investment House Ltd. acquired a new stake in shares of TAT Technologies during the fourth quarter worth $4,218,000. 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.