Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Rises By 345.0%

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 26,700 shares, a growth of 345.0% from the November 30th total of 6,000 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TAT Technologies stock. Meitav Investment House Ltd. boosted its stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 969,062 shares of the aerospace company’s stock after buying 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 filing with the Securities & Exchange Commission. 15.13% of the stock is currently owned by institutional investors.

TAT Technologies Trading Down 0.1 %

TATT traded down $0.03 during trading on Thursday, reaching $25.89. The company had a trading volume of 7,716 shares, compared to its average volume of 17,700. The business has a 50 day simple moving average of $21.92 and a 200-day simple moving average of $17.80. The stock has a market cap of $261.57 million, a P/E ratio of 34.99 and a beta of 0.93. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. TAT Technologies has a 52 week low of $10.02 and a 52 week high of $27.69.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TATT. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th. Benchmark started coverage on TAT Technologies in a research note on Thursday, December 5th. They set a “buy” rating and a $30.00 price target 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.