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

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 74,200 shares, a growth of 161.3% from the April 30th total of 28,400 shares. Based on an average daily volume of 97,800 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.0% of the company's stock are sold short.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Benchmark lifted their price objective on TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Wall Street Zen downgraded TAT Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 24th.

TAT Technologies Stock Performance

Shares of TATT stock traded down $0.09 on Tuesday, hitting $26.65. 302,957 shares of the stock traded hands, compared to its average volume of 62,039. 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 $291.55 million, a PE ratio of 36.01 and a beta of 0.72. TAT Technologies has a 1-year low of $12.61 and a 1-year high of $36.49. The company's fifty day moving average is $29.28 and its 200 day moving average is $27.38.

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 analyst estimates of $41.70 million. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

Institutional Investors Weigh In On TAT Technologies

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its position in TAT Technologies by 125.8% in the first quarter. Jane Street Group LLC now owns 32,344 shares of the aerospace company's stock worth $889,000 after buying an additional 18,020 shares during the period. Goldman Sachs Group Inc. acquired a new stake in TAT Technologies in the first quarter worth $207,000. Cubist Systematic Strategies LLC acquired a new stake in TAT Technologies in the first quarter worth $273,000. Virtus Advisers LLC acquired a new stake in TAT Technologies in the first quarter worth $45,000. Finally, Walleye Capital LLC acquired a new stake in TAT Technologies in the first quarter worth $228,000. 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.