TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Up 161.3% in May

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) was the target of a large growth in short interest in 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 trading volume of 97,800 shares, the short-interest ratio is currently 0.8 days. Currently, 1.0% of the shares of the stock are short sold.

TAT Technologies Trading Down 3.5%

Shares of NASDAQ:TATT traded down $0.97 during mid-day trading on Friday, reaching $26.51. 2,626,881 shares of the company's stock were exchanged, compared to its average volume of 59,202. The firm has a market capitalization of $290.02 million, a price-to-earnings ratio of 35.82 and a beta of 0.72. The business's fifty day moving average price is $29.29 and its 200-day moving average price is $27.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a twelve month low of $12.61 and a twelve month high of $36.49.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The aerospace company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The company had revenue of $42.14 million for the quarter, compared to analyst estimates of $41.70 million. TAT Technologies had a net margin of 5.58% and a return on equity of 8.23%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of TAT Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 24th. Benchmark raised their target price on shares of TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, April 3rd.

Institutional Trading of TAT Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of TAT Technologies by 142.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock worth $1,019,000 after purchasing an additional 22,987 shares during the period. Renaissance Technologies LLC raised its stake in TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock worth $4,861,000 after buying an additional 11,799 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in TAT Technologies by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after buying an additional 2,697 shares during the period. Wasatch Advisors LP bought a new stake in TAT Technologies during the fourth quarter valued at $4,349,000. Finally, IFP Advisors Inc acquired a new stake in TAT Technologies during the 4th quarter worth about $50,000. Institutional investors and hedge funds 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.