Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 5,000 shares, a growth of 127.3% from the January 31st total of 2,200 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 12,900 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Taitron Components in a report on Saturday, February 22nd. They set a “hold” rating on the stock.

Taitron Components Stock Up 3.1 %

Shares of NASDAQ:TAIT traded up $0.08 during midday trading on Friday, hitting $2.62. The stock had a trading volume of 14,566 shares, compared to its average volume of 8,286. The company’s 50-day moving average price is $2.60 and its 200-day moving average price is $2.74. Taitron Components has a fifty-two week low of $2.52 and a fifty-two week high of $3.32. The company has a market capitalization of $15.78 million, a P/E ratio of 11.39 and a beta of 0.47.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 7.63%. The ex-dividend date of this dividend was Friday, February 14th. Taitron Components’s payout ratio is presently 86.96%.

Institutional Investors Weigh In On Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components as of its most recent SEC filing. 18.09% of the stock is currently owned by institutional investors and hedge funds.

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.