TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 12,100 shares, a decrease of 24.8% from the March 15th total of 16,100 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 64,800 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TATT shares. StockNews.com lowered TAT Technologies from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Benchmark boosted their target price on TAT Technologies from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd.

TAT Technologies Stock Down 3.3 %

Shares of NASDAQ:TATT traded down $0.87 during midday trading on Thursday, hitting $25.73. 66,525 shares of the company's stock traded hands, compared to its average volume of 38,751. The firm's fifty day moving average price is $26.79 and its two-hundred day moving average price is $24.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a twelve month low of $11.03 and a twelve month high of $33.83. The company has a market cap of $281.49 million, a PE ratio of 34.77 and a beta of 0.75.

TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its earnings results on Wednesday, March 26th. The aerospace company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $38.00 million during the quarter, compared to the consensus estimate of $38.00 million. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%.

Institutional Trading of TAT Technologies

Hedge funds have recently made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new stake in TAT Technologies during the 4th quarter valued at $29,000. Jane Street Group LLC acquired a new stake in shares of TAT Technologies during the fourth quarter valued at about $368,000. Marshall Wace LLP purchased a new stake in shares of TAT Technologies during the fourth quarter worth about $444,000. Wasatch Advisors LP acquired a new position in shares of TAT Technologies in the fourth quarter worth about $4,349,000. Finally, Renaissance Technologies LLC boosted its holdings in TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after purchasing an additional 11,799 shares during the last quarter. Hedge funds and other institutional investors own 15.13% of the company's stock.

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.