TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 14.3% in February

TAT Technologies Ltd. (NASDAQ:TATT) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 20,300 shares, a decline of 14.3% from the January 31st total of 23,700 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 52,000 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On TAT Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus Fund Advisers LLC acquired a new stake in shares of TAT Technologies in the 4th quarter worth approximately $29,000. IFP Advisors Inc acquired a new stake in TAT Technologies in the fourth quarter worth approximately $50,000. Morgan Dempsey Capital Management LLC bought a new position in TAT Technologies during the 4th quarter valued at $103,000. JPMorgan Chase & Co. increased its position in shares of TAT Technologies by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock valued at $253,000 after purchasing an additional 2,697 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of TAT Technologies in the fourth quarter valued at $368,000. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Trading Up 0.5 %

NASDAQ:TATT opened at $26.77 on Thursday. The stock has a market cap of $292.86 million, a price-to-earnings ratio of 36.18 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a 1 year low of $10.51 and a 1 year high of $33.37. The business has a fifty day moving average of $27.85 and a 200-day moving average of $22.50.

TAT Technologies Company Profile

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.