Short Interest in Taitron Components Incorporated (NASDAQ:TAIT) Declines By 42.9%

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, a decline of 42.9% from the February 28th total of 2,100 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 8,800 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Taitron Components in a research report on Wednesday. They set a “hold” rating on the stock.

Hedge Funds 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 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. Institutional investors own 18.09% of the company’s stock.

Taitron Components Stock Performance

Taitron Components stock traded down $0.01 during mid-day trading on Friday, reaching $2.57. The stock had a trading volume of 5,821 shares, compared to its average volume of 10,982. Taitron Components has a fifty-two week low of $2.48 and a fifty-two week high of $3.30. The stock’s 50-day simple moving average is $2.58 and its 200-day simple moving average is $2.69. The firm has a market capitalization of $15.47 million, a PE ratio of 11.17 and a beta of 0.43.

Taitron Components Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.20 annualized dividend and a yield of 7.78%. Taitron Components’s dividend payout ratio (DPR) is currently 86.96%.

About Taitron Components

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.