TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 27.6% in February

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 14,700 shares, a decline of 27.6% from the February 13th total of 20,300 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 51,500 shares, the short-interest ratio is presently 0.3 days.

TAT Technologies Price Performance

NASDAQ TATT traded down $0.81 on Tuesday, reaching $25.29. 22,480 shares of the company’s stock traded hands, compared to its average volume of 24,766. The stock has a market cap of $276.62 million, a PE ratio of 34.17 and a beta of 0.99. TAT Technologies has a 12 month low of $10.61 and a 12 month high of $33.37. The stock has a 50-day simple moving average of $27.68 and a 200 day simple moving average of $23.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.04 and a quick ratio of 1.29.

Hedge Funds Weigh In On TAT Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtus Fund Advisers LLC bought a new stake in TAT Technologies in the fourth quarter worth $29,000. IFP Advisors Inc bought a new stake in shares of TAT Technologies in the 4th quarter valued at about $50,000. Morgan Dempsey Capital Management LLC bought a new stake in shares of TAT Technologies in the 4th quarter valued at about $103,000. JPMorgan Chase & Co. boosted its holdings 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 period. Finally, Jane Street Group LLC bought a new position in TAT Technologies during the 4th quarter worth approximately $368,000. Institutional investors own 15.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TATT has been the subject of a number of research analyst reports. Benchmark began coverage on shares of TAT Technologies in a report on Thursday, December 5th. They set a “buy” rating and a $30.00 price objective for the company. StockNews.com raised TAT Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, December 8th.

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.