Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Grows By 200.0%

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 23,700 shares, a growth of 200.0% from the January 15th total of 7,900 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 52,800 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Meitav Investment House Ltd. increased its holdings in shares of TAT Technologies by 136.4% during the 3rd quarter. Meitav Investment House Ltd. now owns 969,062 shares of the aerospace company’s stock worth $17,762,000 after buying an additional 559,062 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of TAT Technologies by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock worth $4,861,000 after buying an additional 11,799 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of TAT Technologies by 142.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock worth $1,019,000 after buying an additional 22,987 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of TAT Technologies by 7.9% during the 4th quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company’s stock worth $385,000 after buying an additional 1,100 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in shares of TAT Technologies during the 4th quarter worth $103,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

TAT Technologies Trading Down 2.7 %

Shares of TAT Technologies stock traded down $0.76 during trading hours on Thursday, reaching $27.64. 60,329 shares of the company’s stock were exchanged, compared to its average volume of 61,670. TAT Technologies has a 52-week low of $10.51 and a 52-week high of $33.37. The firm has a market capitalization of $302.38 million, a price-to-earnings ratio of 37.35 and a beta of 0.94. The company has a fifty day moving average of $27.49 and a 200-day moving average of $21.14. The company has a current ratio of 3.04, a quick ratio of 1.29 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

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