Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Expands By 34.3%

TAT Technologies Ltd. (NASDAQ:TATT) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 24,300 shares, an increase of 34.3% from the October 31st total of 18,100 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 23,900 shares, the short-interest ratio is presently 1.0 days.

TAT Technologies Stock Performance

TATT traded up $0.71 during trading on Friday, hitting $22.78. 13,286 shares of the stock were exchanged, compared to its average volume of 15,208. The stock has a fifty day moving average price of $19.18 and a two-hundred day moving average price of $16.41. TAT Technologies has a 1-year low of $9.08 and a 1-year high of $24.29. The firm has a market capitalization of $230.08 million, a P/E ratio of 30.78 and a beta of 0.88. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10.

TAT Technologies (NASDAQ:TATT) last announced its earnings results on Wednesday, August 28th. The aerospace company reported $0.25 earnings per share for the quarter. TAT Technologies had a return on equity of 8.23% and a net margin of 5.58%. The company had revenue of $36.53 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered TAT Technologies from a “buy” rating to a “hold” rating in a research report on Saturday.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd purchased a new stake in TAT Technologies Ltd. (NASDAQ:TATT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned approximately 0.87% of TAT Technologies at the end of the most recent reporting period. Institutional investors own 15.13% of the company’s stock.

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.