Short Interest in TAT Technologies Ltd. (NASDAQ:TATT) Declines By 14.3%

TAT Technologies Ltd. (NASDAQ:TATT) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 20,300 shares, a drop of 14.3% from the January 31st total of 23,700 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 52,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On TAT Technologies

Several large investors have recently made changes to their positions in TATT. JPMorgan Chase & Co. boosted its position in TAT Technologies by 24.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,893 shares of the aerospace company’s stock worth $253,000 after purchasing an additional 2,697 shares during the period. IFP Advisors Inc acquired a new position in shares of TAT Technologies during the fourth quarter worth about $50,000. Morgan Dempsey Capital Management LLC purchased a new stake in shares of TAT Technologies in the fourth quarter worth about $103,000. Arrowstreet Capital Limited Partnership boosted its position in shares of TAT Technologies by 142.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock worth $1,019,000 after buying an additional 22,987 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of TAT Technologies by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock valued at $4,861,000 after buying an additional 11,799 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

TAT Technologies Stock Down 1.6 %

TATT opened at $26.64 on Wednesday. The company has a market cap of $291.44 million, a PE ratio of 36.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. TAT Technologies has a 1 year low of $10.51 and a 1 year high of $33.37. The firm has a 50 day moving average price of $27.83 and a 200 day moving average price of $22.47.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com upgraded TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 8th. Benchmark started coverage on TAT Technologies in a research report on Thursday, December 5th. They set a “buy” rating and a $30.00 price target for the company.

TAT Technologies Company Profile

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.