Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Decreases By 39.0%

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 16,300 shares, a decline of 39.0% from the December 15th total of 26,700 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On TAT Technologies

An institutional investor recently raised its position in TAT Technologies stock. Meitav Investment House Ltd. lifted its holdings in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 136.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 969,062 shares of the aerospace company’s stock after buying an additional 559,062 shares during the quarter. Meitav Investment House Ltd. owned about 9.59% of TAT Technologies worth $17,762,000 at the end of the most recent quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TATT shares. StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th. Benchmark started coverage on TAT Technologies in a research report on Thursday, December 5th. They issued a “buy” rating and a $30.00 price objective on the stock.

TAT Technologies Stock Performance

TATT stock traded up $1.53 during mid-day trading on Tuesday, hitting $27.33. The company had a trading volume of 42,148 shares, compared to its average volume of 42,533. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The firm has a market cap of $276.11 million, a PE ratio of 36.93 and a beta of 0.92. TAT Technologies has a 12 month low of $10.51 and a 12 month high of $28.40. The stock’s fifty day moving average price is $23.83 and its two-hundred day moving average price is $18.85.

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.