TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 15.7% in April

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 10,200 shares, a decrease of 15.7% from the March 31st total of 12,100 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 86,700 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On TAT Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after acquiring an additional 11,799 shares during the last quarter. Wasatch Advisors LP acquired a new stake in shares of TAT Technologies in the 4th quarter valued at $4,349,000. Arrowstreet Capital Limited Partnership increased its stake 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 valued at $1,019,000 after purchasing an additional 22,987 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of TAT Technologies during the 4th quarter worth $444,000. Finally, JPMorgan Chase & Co. lifted its position in shares of TAT Technologies by 7.9% during the 4th quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company's stock worth $385,000 after buying an additional 1,100 shares during the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

TAT Technologies Price Performance

Shares of NASDAQ TATT traded up $0.24 during midday trading on Monday, reaching $29.55. The company's stock had a trading volume of 58,474 shares, compared to its average volume of 40,884. The company has a market cap of $323.28 million, a P/E ratio of 39.93 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The business's 50 day moving average price is $26.94 and its two-hundred day moving average price is $25.64. TAT Technologies has a fifty-two week low of $11.78 and a fifty-two week high of $33.83.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The aerospace company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%. The company had revenue of $38.00 million for the quarter, compared to analysts' expectations of $38.00 million.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com upgraded TAT Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, April 26th. Benchmark boosted 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.

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.