Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Up 127.3% in February

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 5,000 shares, a growth of 127.3% from the January 31st total of 2,200 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 12,900 shares, the short-interest ratio is currently 0.4 days.

Taitron Components Trading Up 3.1 %

NASDAQ TAIT traded up $0.08 during trading on Friday, reaching $2.62. The company’s stock had a trading volume of 14,566 shares, compared to its average volume of 8,286. The stock has a market capitalization of $15.78 million, a PE ratio of 11.39 and a beta of 0.47. The business has a 50-day moving average price of $2.60 and a 200-day moving average price of $2.74. Taitron Components has a 1-year low of $2.52 and a 1-year high of $3.32.

Taitron Components Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.63%. The ex-dividend date was Friday, February 14th. Taitron Components’s payout ratio is 86.96%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Taitron Components in a research note on Sunday. They issued a “hold” rating for the company.

Institutional Trading of Taitron Components

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC acquired a new position in Taitron Components Incorporated (NASDAQ:TAIT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned about 0.36% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is currently owned by institutional investors.

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.