Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Down 42.9% in March

Taitron Components Incorporated (NASDAQ:TAIT) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, a decrease of 42.9% from the February 28th total of 2,100 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Taitron Components in a report on Wednesday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is currently owned by institutional investors and hedge funds.

Taitron Components Price Performance

NASDAQ:TAIT opened at $2.57 on Friday. The business’s 50-day simple moving average is $2.58 and its 200-day simple moving average is $2.69. Taitron Components has a fifty-two week low of $2.48 and a fifty-two week high of $3.30. The stock has a market capitalization of $15.47 million, a PE ratio of 11.17 and a beta of 0.43.

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.78%. The ex-dividend date was Friday, February 14th. Taitron Components’s dividend payout ratio is 86.96%.

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 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.