Taitron Components Incorporated (NASDAQ:TAIT – Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,100 shares, a drop of 58.0% from the February 13th total of 5,000 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
Taitron Components Stock Performance
TAIT stock traded down $0.02 during mid-day trading on Friday, hitting $2.50. The company had a trading volume of 3,387 shares, compared to its average volume of 7,677. The firm has a market cap of $15.05 million, a PE ratio of 10.87 and a beta of 0.43. Taitron Components has a 12 month low of $2.48 and a 12 month high of $3.30. The stock’s fifty day moving average price is $2.59 and its two-hundred day moving average price is $2.72.
Taitron Components Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.20 annualized dividend and a yield of 8.00%. Taitron Components’s payout ratio is 86.96%.
Institutional Trading of Taitron Components
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on Taitron Components in a research note on Monday, March 10th. They issued a “hold” rating for the company.
Read Our Latest Stock Analysis on Taitron Components
About Taitron Components
Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.
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