TAT Technologies Ltd. (NASDAQ:TATT) Sees Significant Decline in Short Interest

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 14,700 shares, a drop of 27.6% from the February 13th total of 20,300 shares. Based on an average daily trading volume, of 51,500 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

TAT Technologies Price Performance

Shares of NASDAQ TATT opened at $25.79 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The company has a market cap of $282.14 million, a PE ratio of 34.85 and a beta of 0.99. The business has a 50-day simple moving average of $27.68 and a two-hundred day simple moving average of $23.03. TAT Technologies has a fifty-two week low of $10.61 and a fifty-two week high of $33.37.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Benchmark assumed coverage on TAT Technologies in a research note on Thursday, December 5th. They set a “buy” rating and a $30.00 price target on the stock. StockNews.com raised TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th.

Institutional Investors Weigh In On TAT Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Virtus Fund Advisers LLC acquired a new stake in TAT Technologies in the fourth quarter worth about $29,000. Jane Street Group LLC acquired a new stake in TAT Technologies in the fourth quarter worth about $368,000. Marshall Wace LLP acquired a new stake in TAT Technologies in the fourth quarter worth about $444,000. Wasatch Advisors LP acquired a new stake in shares of TAT Technologies during the fourth quarter worth about $4,349,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock worth $4,861,000 after purchasing an additional 11,799 shares during the period. Institutional investors and hedge funds own 15.13% of the company’s stock.

About TAT Technologies

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.