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

TAT Technologies Ltd. (NASDAQ:TATT) saw a large growth in short interest during 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. Based on an average daily volume of 31,500 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the company’s shares are short sold.

Analyst Ratings Changes

TATT has been the topic of a number of research reports. 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 shares of TAT Technologies in a research report on Thursday, December 5th. They set a “buy” rating and a $30.00 price target on the stock.

TAT Technologies Trading Down 0.1 %

Shares of TATT traded down $0.03 during mid-day trading on Thursday, reaching $25.89. The company’s stock had a trading volume of 7,716 shares, compared to its average volume of 17,700. The stock has a market cap of $261.57 million, a PE ratio of 34.99 and a beta of 0.93. The company’s fifty day moving average price is $21.92 and its two-hundred day moving average price is $17.80. TAT Technologies has a 52 week low of $10.02 and a 52 week high of $27.69. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd bought a new stake in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned approximately 0.87% of TAT Technologies at the end of the most recent quarter. 15.13% of the stock is owned by institutional investors.

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.