TAT Technologies Ltd. (NASDAQ:TATT) Sees Significant Decline in Short Interest

TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 14,700 shares, a decrease of 27.6% from the February 13th total of 20,300 shares. Currently, 0.2% of the company's stock are sold short. Based on an average trading volume of 51,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Virtus Fund Advisers LLC bought a new position in TAT Technologies in the 4th quarter worth approximately $29,000. IFP Advisors Inc bought a new position in TAT Technologies in the 4th quarter worth approximately $50,000. Morgan Dempsey Capital Management LLC bought a new position in TAT Technologies in the 4th quarter worth approximately $103,000. JPMorgan Chase & Co. boosted its holdings in TAT Technologies by 24.1% in 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. Finally, Jane Street Group LLC bought a new position in TAT Technologies in the 4th quarter worth approximately $368,000. 15.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TATT. StockNews.com upgraded shares of TAT Technologies from a "hold" rating to a "buy" rating in a research note on Sunday, December 8th. Benchmark began coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They issued a "buy" rating and a $30.00 price objective for the company.

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TAT Technologies Stock Down 2.5 %

NASDAQ:TATT traded down $0.65 on Tuesday, hitting $25.44. The stock had a trading volume of 58,655 shares, compared to its average volume of 24,892. TAT Technologies has a 1 year low of $10.61 and a 1 year high of $33.37. The firm's fifty day simple moving average is $27.68 and its two-hundred day simple moving average is $23.09. The stock has a market cap of $278.31 million, a P/E ratio of 34.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04.

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.