Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Decreases By 14.3%

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 20,300 shares, a drop of 14.3% from the January 31st total of 23,700 shares. Approximately 0.3% of the company's shares are short sold. Based on an average trading volume of 52,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Virtus Fund Advisers LLC bought a new position in shares of TAT Technologies during the fourth quarter valued at approximately $29,000. IFP Advisors Inc bought a new position in shares of TAT Technologies during the fourth quarter valued at approximately $50,000. Morgan Dempsey Capital Management LLC bought a new position in shares of TAT Technologies during the fourth quarter valued at approximately $103,000. JPMorgan Chase & Co. grew its stake in shares of TAT Technologies by 24.1% during the third quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock valued at $253,000 after buying an additional 2,697 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of TAT Technologies during the fourth quarter valued at approximately $368,000. Institutional investors own 15.13% of the company's stock.

Wall Street Analysts Forecast Growth

TATT has been the subject of several recent research reports. StockNews.com upgraded TAT Technologies from a "hold" rating to a "buy" rating in a research report on Sunday, December 8th. Benchmark initiated coverage on TAT Technologies in a research report on Thursday, December 5th. They issued a "buy" rating and a $30.00 price target for the company.

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TAT Technologies Trading Up 5.8 %

Shares of TATT traded up $1.44 during mid-day trading on Friday, reaching $26.13. 34,093 shares of the company's stock traded hands, compared to its average volume of 53,636. The stock has a market cap of $285.86 million, a P/E ratio of 35.31 and a beta of 0.99. The stock's 50-day moving average is $27.81 and its two-hundred day moving average is $22.51. TAT Technologies has a 12 month low of $10.51 and a 12 month high of $33.37. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.

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.