Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 500 shares, a decrease of 58.3% from the March 15th total of 1,200 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 9,900 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Taitron Components in a research report on Friday, April 11th. They set a “hold” rating for the company.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned 0.36% of Taitron Components at the end of the most recent reporting period. Institutional investors own 18.09% of the company’s stock.

Taitron Components Stock Performance

Shares of NASDAQ:TAIT opened at $2.22 on Thursday. Taitron Components has a 52-week low of $2.16 and a 52-week high of $3.21. The company has a market capitalization of $13.37 million, a PE ratio of 9.65 and a beta of 0.38. The company has a fifty day moving average of $2.48 and a 200-day moving average of $2.63.

Taitron Components Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend was Friday, February 14th. Taitron Components’s dividend payout ratio (DPR) is presently 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.