Short Interest in Taitron Components Incorporated (NASDAQ:TAIT) Declines By 71.8%

Taitron Components Incorporated (NASDAQ:TAIT) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 5,500 shares, a decrease of 71.8% from the December 15th total of 19,500 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 13,800 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Taitron Components in a research report on Monday. They set a “hold” rating for the company.

Taitron Components Price Performance

NASDAQ TAIT traded up $0.02 during mid-day trading on Tuesday, hitting $2.55. The company’s stock had a trading volume of 7,323 shares, compared to its average volume of 10,115. The firm has a market capitalization of $15.35 million, a P/E ratio of 11.09 and a beta of 0.47. Taitron Components has a 52-week low of $2.52 and a 52-week high of $3.34. The stock’s fifty day simple moving average is $2.66 and its two-hundred day simple moving average is $2.79.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 7.84%. Taitron Components’s payout ratio is 86.96%.

About Taitron Components

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.