TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 27.6% in February

TAT Technologies Ltd. (NASDAQ:TATT) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 14,700 shares, a decrease of 27.6% from the February 13th total of 20,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 51,500 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of TAT Technologies

Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in TAT Technologies by 6.6% during the 4th quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock worth $4,861,000 after acquiring an additional 11,799 shares during the period. Wasatch Advisors LP acquired a new stake in shares of TAT Technologies during the 4th quarter valued at $4,349,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of TAT Technologies by 142.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock valued at $1,019,000 after acquiring an additional 22,987 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of TAT Technologies during the 4th quarter valued at $444,000. Finally, JPMorgan Chase & Co. lifted its holdings in TAT Technologies by 7.9% during the 4th quarter. JPMorgan Chase & Co. now owns 14,993 shares of the aerospace company’s stock worth $385,000 after buying an additional 1,100 shares during the period. 15.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TATT has been the subject of several recent analyst reports. Benchmark initiated coverage on TAT Technologies in a report on Thursday, December 5th. They issued a “buy” rating and a $30.00 price target for the company. StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 8th.

TAT Technologies Stock Up 2.5 %

Shares of NASDAQ:TATT traded up $0.63 during mid-day trading on Friday, reaching $25.79. 25,513 shares of the stock were exchanged, compared to its average volume of 51,870. The stock’s 50 day simple moving average is $27.68 and its 200-day simple moving average is $22.98. TAT Technologies has a one year low of $10.61 and a one year high of $33.37. 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 company has a market cap of $282.14 million, a P/E ratio of 34.85 and a beta of 0.99.

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.