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

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Taitron Components in a report on Tuesday, January 21st. They set a “hold” rating on the stock.

Taitron Components Stock Performance

Taitron Components stock traded down $0.03 during mid-day trading on Tuesday, hitting $2.62. 726 shares of the company traded hands, compared to its average volume of 7,784. Taitron Components has a one year low of $2.52 and a one year high of $3.34. The stock has a fifty day moving average price of $2.62 and a 200-day moving average price of $2.78. The stock has a market cap of $15.74 million, a price-to-earnings ratio of 11.37 and a beta of 0.47.

Taitron Components Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 7.65%. Taitron Components’s dividend payout ratio 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.