TAT Technologies Ltd. (NASDAQ:TATT) Sees Large Growth in Short Interest

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 23,700 shares, an increase of 200.0% from the January 15th total of 7,900 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 52,800 shares, the days-to-cover ratio is currently 0.4 days.

TAT Technologies Price Performance

Shares of TAT Technologies stock traded up $0.33 during trading on Friday, reaching $28.08. The company's stock had a trading volume of 43,089 shares, compared to its average volume of 67,271. The stock has a 50-day moving average price of $27.60 and a two-hundred day moving average price of $21.38. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10. TAT Technologies has a one year low of $10.51 and a one year high of $33.37. The stock has a market capitalization of $307.20 million, a P/E ratio of 37.95 and a beta of 0.94.

Institutional Trading of TAT Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meitav Investment House Ltd. increased its position 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 worth $17,762,000 after purchasing an additional 559,062 shares during the period. Renaissance Technologies LLC increased its position in TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock worth $4,861,000 after purchasing an additional 11,799 shares during the period. Wasatch Advisors LP acquired a new stake in TAT Technologies in the fourth quarter worth about $4,349,000. Arrowstreet Capital Limited Partnership increased its position in TAT Technologies by 142.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock worth $1,019,000 after purchasing an additional 22,987 shares during the period. Finally, Marshall Wace LLP acquired a new stake in TAT Technologies in the fourth quarter worth about $444,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TATT shares. Benchmark started coverage on TAT Technologies in a report on Thursday, December 5th. They issued a "buy" rating and a $30.00 price target for the company. StockNews.com raised TAT Technologies from a "hold" rating to a "buy" rating in a report on Sunday, December 8th.

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.