Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 17,500 shares, an increase of 118.8% from the November 15th total of 8,000 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 11,800 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Taitron Components in a report on Thursday. They issued a “hold” rating for the company.

Taitron Components Price Performance

NASDAQ TAIT traded up $0.04 during mid-day trading on Friday, reaching $2.68. The stock had a trading volume of 3,294 shares, compared to its average volume of 13,262. The company has a fifty day moving average price of $2.78 and a 200 day moving average price of $2.82. Taitron Components has a 1 year low of $2.52 and a 1 year high of $3.61. The stock has a market cap of $16.13 million, a PE ratio of 11.65 and a beta of 0.47.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date of this dividend was Friday, November 15th. Taitron Components’s payout ratio is currently 86.96%.

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.