Taitron Components Incorporated (NASDAQ:TAIT – Get Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 3,400 shares, a growth of 277.8% from the April 30th total of 900 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is presently 0.3 days.
Institutional Trading of Taitron Components
A hedge fund recently raised its stake in Taitron Components stock. Noesis Capital Mangement Corp lifted its stake in shares of Taitron Components Incorporated (NASDAQ:TAIT – Get Rating) by 24.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 306,819 shares of the company’s stock after purchasing an additional 59,964 shares during the period. Noesis Capital Mangement Corp owned approximately 5.22% of Taitron Components worth $1,055,000 at the end of the most recent quarter. 15.50% of the stock is currently owned by institutional investors.
Taitron Components Stock Up 0.5 %
Shares of TAIT traded up $0.02 during midday trading on Friday, reaching $3.97. The stock had a trading volume of 28,070 shares, compared to its average volume of 11,116. Taitron Components has a 52 week low of $3.26 and a 52 week high of $4.32. The firm’s 50 day moving average price is $3.65 and its 200-day moving average price is $3.70.
Taitron Components Dividend Announcement
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Taitron Components in a research note on Wednesday. They issued a “hold” rating on the stock.
About Taitron Components
Taitron Components, Inc engages in the manufacture and distribution of original designed and manufactured products and electronic components. It also offers discrete semiconductors and commodity integrated circuits, optoelectronic devices, passive components, and value-added engineering and turnkey services.
- Get a free copy of the StockNews.com research report on Taitron Components (TAIT)
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