Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Down 58.0% in February

Taitron Components Incorporated (NASDAQ:TAIT) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 2,100 shares, a decline of 58.0% from the February 13th total of 5,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 10,000 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Taitron Components in a research report on Monday, March 10th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Taitron Components stock. Soltis Investment Advisors LLC acquired a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned 0.36% of Taitron Components at the end of the most recent quarter. 18.09% of the stock is currently owned by hedge funds and other institutional investors.

Taitron Components Price Performance

Shares of Taitron Components stock traded down $0.02 on Friday, hitting $2.50. 3,387 shares of the company’s stock traded hands, compared to its average volume of 7,677. The company has a fifty day moving average of $2.59 and a two-hundred day moving average of $2.72. Taitron Components has a one year low of $2.48 and a one year high of $3.30. The company has a market capitalization of $15.05 million, a price-to-earnings ratio of 10.87 and a beta of 0.43.

Taitron Components Dividend Announcement

The business 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. The ex-dividend date was Friday, February 14th. This represents a $0.20 annualized dividend and a dividend yield of 8.00%. Taitron Components’s dividend payout ratio is currently 86.96%.

Taitron Components Company Profile

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.