Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Down 71.8% in December

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 5,500 shares, a decline of 71.8% from the December 15th total of 19,500 shares. Based on an average trading volume of 13,800 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Taitron Components Price Performance

Taitron Components stock traded up $0.02 during midday trading on Tuesday, hitting $2.55. 7,323 shares of the stock were exchanged, compared to its average volume of 10,115. Taitron Components has a 1 year low of $2.52 and a 1 year high of $3.34. The firm has a market cap of $15.35 million, a P/E ratio of 11.09 and a beta of 0.47. The company has a 50 day moving average price of $2.66 and a two-hundred day moving average price of $2.79.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend was Friday, November 15th. Taitron Components’s dividend payout ratio is currently 86.96%.

Wall Street Analyst Weigh In

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

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.