Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Expands By 88.3%

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 139,700 shares, an increase of 88.3% from the May 15th total of 74,200 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 171,000 shares, the short-interest ratio is presently 0.8 days.

TAT Technologies Trading Down 1.6%

TATT traded down $0.42 during mid-day trading on Tuesday, reaching $25.86. The stock had a trading volume of 144,465 shares, compared to its average volume of 68,965. The stock has a market capitalization of $324.80 million, a P/E ratio of 22.10 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.12 and a current ratio of 2.87. The firm's fifty day simple moving average is $29.21 and its two-hundred day simple moving average is $27.67. TAT Technologies has a 52 week low of $12.61 and a 52 week high of $36.49.

TAT Technologies (NASDAQ:TATT - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $42.14 million for the quarter, compared to analysts' expectations of $41.70 million. TAT Technologies had a return on equity of 11.90% and a net margin of 8.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TATT shares. Benchmark raised their price target on shares of TAT Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Truist Financial began coverage on TAT Technologies in a report on Wednesday, June 4th. They set a "buy" rating and a $35.00 price objective for the company. Finally, Wall Street Zen downgraded shares of TAT Technologies from a "buy" rating to a "hold" rating in a report on Friday, June 6th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TATT. Virtus Fund Advisers LLC bought a new position in TAT Technologies in the fourth quarter valued at approximately $29,000. Virtus Advisers LLC bought a new position in shares of TAT Technologies in the 1st quarter worth $45,000. IFP Advisors Inc bought a new position in shares of TAT Technologies in the 4th quarter worth $50,000. Catalyst Capital Advisors LLC bought a new position in shares of TAT Technologies in the 1st quarter worth $63,000. Finally, Morgan Dempsey Capital Management LLC bought a new position in TAT Technologies during the fourth quarter worth about $103,000. Institutional investors own 15.13% of the company's stock.

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.