TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 26,700 shares, a growth of 345.0% from the November 30th total of 6,000 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 31,500 shares, the short-interest ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TATT shares. StockNews.com raised TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th. Benchmark assumed coverage on TAT Technologies in a research note on Thursday, December 5th. They issued a “buy” rating and a $30.00 price target on the stock.

TAT Technologies Stock Performance

Shares of TAT Technologies stock traded down $0.36 on Friday, hitting $26.03. The stock had a trading volume of 13,094 shares, compared to its average volume of 17,754. The stock has a market cap of $262.98 million, a price-to-earnings ratio of 35.18 and a beta of 0.93. TAT Technologies has a 52-week low of $10.02 and a 52-week high of $27.69. The company’s 50 day moving average price is $22.24 and its 200 day moving average price is $17.95. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On TAT Technologies

A number of institutional investors have recently modified their holdings of the business. Y.D. More Investments Ltd purchased a new stake in shares of TAT Technologies in the second quarter valued at about $1,312,000. Meitav Investment House Ltd. increased its position in TAT Technologies by 136.4% in the 3rd quarter. Meitav Investment House Ltd. now owns 969,062 shares of the aerospace company’s stock valued at $17,762,000 after acquiring an additional 559,062 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in TAT Technologies by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock valued at $253,000 after acquiring an additional 2,697 shares during the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

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.