TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 16,300 shares, a decline of 39.0% from the December 15th total of 26,700 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 34,800 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On TAT Technologies

A hedge fund recently raised its stake in TAT Technologies stock. JPMorgan Chase & Co. raised its holdings in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 24.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,893 shares of the aerospace company’s stock after buying an additional 2,697 shares during the period. JPMorgan Chase & Co. owned about 0.14% of TAT Technologies worth $253,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TATT. StockNews.com upgraded shares of TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th. Benchmark began coverage on shares of TAT Technologies in a report on Thursday, December 5th. They issued a “buy” rating and a $30.00 price target for the company.

TAT Technologies Trading Down 1.5 %

Shares of NASDAQ TATT traded down $0.43 during trading hours on Thursday, hitting $27.70. 90,565 shares of the company traded hands, compared to its average volume of 53,556. The company’s 50 day moving average price is $24.20 and its 200 day moving average price is $19.00. TAT Technologies has a 12 month low of $10.51 and a 12 month high of $29.00. The stock has a market capitalization of $279.77 million, a price-to-earnings ratio of 37.43 and a beta of 0.92. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10.

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.