TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Up 345.0% in December

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) saw a large growth in short interest in 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. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is currently 0.8 days.

TAT Technologies Trading Up 1.8 %

Shares of TAT Technologies stock traded up $0.47 on Thursday, hitting $26.39. The stock had a trading volume of 25,801 shares, compared to its average volume of 17,773. The stock has a 50 day moving average of $21.92 and a 200 day moving average of $17.80. 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 $10.02 and a twelve month high of $27.69. The firm has a market capitalization of $266.62 million, a P/E ratio of 35.66 and a beta of 0.93.

Analyst Upgrades and Downgrades

TATT has been the topic of several research analyst reports. StockNews.com raised TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, December 8th. Benchmark initiated coverage on shares of TAT Technologies in a research report on Thursday, December 5th. They issued a "buy" rating and a $30.00 target price on the stock.

Institutional Trading of TAT Technologies

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in TAT Technologies by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company's stock worth $253,000 after buying an additional 2,697 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of TAT Technologies in the second quarter worth approximately $1,312,000. Finally, Meitav Investment House Ltd. boosted its holdings in TAT Technologies by 136.4% in the third quarter. Meitav Investment House Ltd. now owns 969,062 shares of the aerospace company's stock valued at $17,762,000 after acquiring an additional 559,062 shares during the last quarter. 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.