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

TAT Technologies Ltd. (NASDAQ:TATT) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 20,300 shares, a decline of 14.3% from the January 31st total of 23,700 shares. Based on an average daily volume of 52,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of TAT Technologies

A number of hedge funds have recently bought and sold shares of the company. Virtus Fund Advisers LLC acquired a new stake in shares of TAT Technologies during the fourth quarter valued at approximately $29,000. IFP Advisors Inc purchased a new position in TAT Technologies during the 4th quarter worth approximately $50,000. Morgan Dempsey Capital Management LLC acquired a new stake in TAT Technologies during the 4th quarter valued at $103,000. JPMorgan Chase & Co. lifted its holdings in shares of TAT Technologies by 24.1% in the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of TAT Technologies in the fourth quarter worth $368,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Trading Up 0.5 %

NASDAQ:TATT opened at $26.77 on Thursday. The stock has a fifty day simple moving average of $27.85 and a 200 day simple moving average of $22.50. The firm has a market capitalization of $292.86 million, a price-to-earnings ratio of 36.18 and a beta of 0.99. TAT Technologies has a 1-year low of $10.51 and a 1-year high of $33.37. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

Several analysts recently commented on TATT shares. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th. Benchmark initiated coverage on TAT Technologies in a research report on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective 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.