Taitron Components Incorporated (NASDAQ:TAIT) Sees Significant Decrease in Short Interest

Taitron Components Incorporated (NASDAQ:TAIT) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,800 shares, a drop of 22.2% from the October 15th total of 3,600 shares. Based on an average daily trading volume, of 7,300 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Taitron Components Stock Performance

TAIT traded down $0.07 on Friday, reaching $2.79. The company had a trading volume of 4,990 shares, compared to its average volume of 12,538. Taitron Components has a 52-week low of $2.57 and a 52-week high of $3.61. The company has a market cap of $16.77 million, a price-to-earnings ratio of 10.71 and a beta of 0.49. The business has a 50 day simple moving average of $2.86 and a 200 day simple moving average of $2.88.

Taitron Components (NASDAQ:TAIT) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $1.22 million for the quarter. Taitron Components had a return on equity of 8.87% and a net margin of 32.00%.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend is Friday, November 15th. Taitron Components’s payout ratio is presently 76.93%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Taitron Components in a research report on Sunday, November 10th. They set a “hold” rating for the company.

Taitron Components Company Profile

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.