TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Update

TAT Technologies Ltd. (NASDAQ:TATT) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 16,300 shares, a decrease of 39.0% from the December 15th total of 26,700 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TATT. StockNews.com raised TAT Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 8th. Benchmark initiated coverage on shares of TAT Technologies in a report on Thursday, December 5th. They set a “buy” rating and a $30.00 target price on the stock.

Institutional Investors Weigh In On TAT Technologies

A hedge fund recently raised its stake in TAT Technologies stock. JPMorgan Chase & Co. raised its position in shares of TAT Technologies Ltd. (NASDAQ:TATT) by 24.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,893 shares of the aerospace company’s stock after buying an additional 2,697 shares during the quarter. JPMorgan Chase & Co. owned about 0.14% of TAT Technologies worth $253,000 at the end of the most recent reporting period. 15.13% of the stock is owned by hedge funds and other institutional investors.

TAT Technologies Stock Down 1.5 %

TAT Technologies stock traded down $0.43 during mid-day trading on Thursday, reaching $27.70. 90,565 shares of the company were exchanged, compared to its average volume of 53,556. TAT Technologies has a 12-month low of $10.51 and a 12-month high of $29.00. The business has a fifty day moving average of $24.20 and a 200 day moving average of $19.00. The firm has a market cap of $279.77 million, a P/E ratio of 37.43 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04.

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.