TAT Technologies Ltd. (NASDAQ:TATT) Sees Large Growth in Short Interest

TAT Technologies Ltd. (NASDAQ:TATT) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 12,000 shares, an increase of 31.9% from the July 31st total of 9,100 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 11,700 shares, the days-to-cover ratio is currently 1.0 days.

TAT Technologies Trading Down 2.8 %

TAT Technologies stock traded down $0.51 during trading hours on Friday, reaching $17.46. 15,315 shares of the company’s stock were exchanged, compared to its average volume of 12,215. TAT Technologies has a twelve month low of $6.99 and a twelve month high of $18.00. The company has a quick ratio of 1.11, a current ratio of 2.75 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $14.61 and its 200 day simple moving average is $13.47. The firm has a market capitalization of $176.40 million, a PE ratio of 28.16 and a beta of 0.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered TAT Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

Hedge Funds Weigh In On TAT Technologies

A hedge fund recently bought a new stake in TAT Technologies stock. Y.D. More Investments Ltd purchased a new position in TAT Technologies Ltd. (NASDAQ:TATT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC). Institutional investors own 15.13% of the company’s stock.

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.