Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Grows By 200.0%

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 23,700 shares, a growth of 200.0% from the January 15th total of 7,900 shares. Based on an average trading volume of 52,800 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

TAT Technologies Price Performance

TAT Technologies stock traded down $0.76 during mid-day trading on Thursday, hitting $27.64. The company’s stock had a trading volume of 60,329 shares, compared to its average volume of 61,670. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $302.38 million, a P/E ratio of 37.35 and a beta of 0.94. TAT Technologies has a twelve month low of $10.51 and a twelve month high of $33.37. The stock’s fifty day moving average price is $27.49 and its two-hundred day moving average price is $21.14.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TATT. IFP Advisors Inc acquired a new position in TAT Technologies in the fourth quarter worth approximately $50,000. Morgan Dempsey Capital Management LLC acquired a new position in TAT Technologies in the 4th quarter worth approximately $103,000. JPMorgan Chase & Co. boosted its stake in TAT Technologies by 24.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after purchasing an additional 2,697 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in TAT Technologies by 142.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock worth $1,019,000 after purchasing an additional 22,987 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in TAT Technologies by 6.6% in the 4th 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.

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.