TAT Technologies Ltd. (NASDAQ:TATT) Sees Significant Decrease in Short Interest

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 3,400 shares, a decline of 60.5% from the March 15th total of 8,600 shares. Approximately 0.1% of the company's stock are short sold. Based on an average trading volume of 15,000 shares, the days-to-cover ratio is currently 0.2 days.

TAT Technologies Stock Up 0.9 %

Shares of TATT stock traded up $0.10 during trading hours on Thursday, reaching $11.46. 3,349 shares of the company's stock were exchanged, compared to its average volume of 14,379. The stock has a market cap of $115.75 million, a PE ratio of 22.56 and a beta of 0.82. The company has a current ratio of 2.40, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. The stock's fifty day moving average price is $12.31 and its two-hundred day moving average price is $10.50. 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 released 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%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on TAT Technologies in a report on Thursday, January 4th. They set a "buy" rating for the company.

Hedge Funds Weigh In On TAT Technologies

Several hedge funds have recently made changes to their positions in the company. Meitav Investment House Ltd. acquired a new stake in shares of TAT Technologies during the fourth quarter worth about $4,218,000. Marquette Asset Management LLC acquired a new position in TAT Technologies in the 4th quarter worth approximately $141,000. Finally, Northern Trust Corp purchased a new position in TAT Technologies during the 4th quarter worth approximately $124,000. 15.13% of the stock is owned by institutional investors and hedge funds.

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.