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

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 13,900 shares, an increase of 44.8% from the June 30th total of 9,600 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is currently 1.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of TAT Technologies in a research note on Tuesday, July 9th. They issued a “buy” rating for the company.

Hedge Funds Weigh In On TAT Technologies

An institutional investor recently bought a new position in TAT Technologies stock. Meitav Investment House Ltd. bought a new position in TAT Technologies Ltd. (NASDAQ:TATT) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 410,000 shares of the aerospace company’s stock, valued at approximately $4,218,000. Meitav Investment House Ltd. owned 4.60% of TAT Technologies as of its most recent SEC filing. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Stock Performance

Shares of TAT Technologies stock traded up $0.49 on Friday, reaching $14.46. 8,510 shares of the company traded hands, compared to its average volume of 7,020. TAT Technologies has a 52 week low of $6.99 and a 52 week high of $16.24. The company has a 50 day moving average of $14.58 and a 200 day moving average of $12.98. The firm has a market capitalization of $146.05 million, a PE ratio of 23.32 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 1.11.

TAT Technologies (NASDAQ:TATT) last released its earnings results on Wednesday, May 22nd. The aerospace company reported $0.19 earnings per share for the quarter. TAT Technologies had a net margin of 4.99% and a return on equity of 7.17%. The firm had revenue of $34.09 million during the quarter.

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.