TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 39.0% in December

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 16,300 shares, a decline of 39.0% from the December 15th total of 26,700 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 34,800 shares, the short-interest ratio is currently 0.5 days.

Analyst Ratings Changes

Several research firms have recently weighed in on TATT. Benchmark initiated 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 raised TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 8th.

TAT Technologies Stock Performance

TATT traded down $0.43 during trading on Thursday, hitting $27.70. The company’s stock had a trading volume of 90,565 shares, compared to its average volume of 53,417. The business’s 50 day simple moving average is $24.20 and its 200-day simple moving average is $19.00. The firm has a market cap of $279.77 million, a PE ratio of 37.43 and a beta of 0.92. TAT Technologies has a one year low of $10.51 and a one year high of $29.00. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On TAT Technologies

A hedge fund recently raised its stake in TAT Technologies stock. Meitav Investment House Ltd. lifted its stake in TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% during the 3rd quarter, according to its most recent disclosure 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 quarter. Meitav Investment House Ltd. owned about 9.59% of TAT Technologies worth $17,762,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.