Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Declines By 75.3%

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 6,000 shares, a decline of 75.3% from the November 15th total of 24,300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 27,100 shares, the days-to-cover ratio is currently 0.2 days.

TAT Technologies Stock Up 4.5 %

Shares of TAT Technologies stock opened at $26.23 on Thursday. 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 52-week low of $9.08 and a 52-week high of $27.69. The company’s 50 day moving average price is $20.20 and its 200-day moving average price is $17.03. The stock has a market capitalization of $265.00 million, a price-to-earnings ratio of 35.45 and a beta of 0.94.

Institutional Investors Weigh In On TAT Technologies

A hedge fund recently raised its stake in TAT Technologies stock. Meitav Investment House Ltd. lifted its position in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 969,062 shares of the aerospace company’s stock after purchasing an additional 559,062 shares during the period. Meitav Investment House Ltd. owned 9.59% of TAT Technologies worth $17,762,000 as of its most recent SEC filing. 15.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com upgraded shares of TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday. Benchmark started coverage on TAT Technologies in a report on Thursday, December 5th. They set a “buy” rating and a $30.00 target price for the company.

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.