Short Interest in Taitron Components Incorporated (NASDAQ:TAIT) Expands By 73.3%

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Taitron Components Incorporated (NASDAQ:TAIT) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 2,600 shares, a growth of 73.3% from the December 15th total of 1,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 23,700 shares, the days-to-cover ratio is currently 0.1 days.

Shares of NASDAQ TAIT opened at $3.23 on Thursday. Taitron Components has a 12 month low of $2.02 and a 12 month high of $3.35. The company has a current ratio of 11.00, a quick ratio of 7.01 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $18.72 million, a price-to-earnings ratio of 9.19 and a beta of 1.30. The business has a 50-day moving average of $3.01 and a 200-day moving average of $2.61.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Monday, November 16th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $1.99 million during the quarter. Taitron Components had a return on equity of 4.18% and a net margin of 8.40%.

Taitron Components Company Profile

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 provides value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM services for their turn-key projects.

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