TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 75.3% in November

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 6,000 shares, a drop of 75.3% from the November 15th total of 24,300 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd purchased a new position in shares of TAT Technologies Ltd. (NASDAQ:TATT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 87,756 shares of the aerospace company’s stock, valued at approximately $1,312,000. Y.D. More Investments Ltd owned approximately 0.87% of TAT Technologies as of its most recent SEC filing. Institutional investors own 15.13% of the company’s stock.

TAT Technologies Trading Up 4.5 %

NASDAQ TATT traded up $1.13 on Wednesday, reaching $26.23. The company had a trading volume of 121,319 shares, compared to its average volume of 16,921. TAT Technologies has a 52 week low of $9.08 and a 52 week high of $27.69. The stock’s 50 day moving average is $20.02 and its 200-day moving average is $16.96. The company has a quick ratio of 1.29, a current ratio of 3.04 and a debt-to-equity ratio of 0.10. The stock has a market cap of $265.00 million, a price-to-earnings ratio of 35.95 and a beta of 0.94.

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.