Taitron Components Incorporated (NASDAQ:TAIT – Get Rating) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 500 shares, a growth of 66.7% from the March 31st total of 300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Taitron Components in a research note on Saturday, April 22nd. They set a "hold" rating on the stock.
Get Taitron Components alerts:Hedge Funds Weigh In On Taitron Components
A hedge fund recently raised its stake in Taitron Components stock. Noesis Capital Mangement Corp lifted its holdings in Taitron Components Incorporated (NASDAQ:TAIT – Get Rating) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,819 shares of the company's stock after acquiring an additional 59,964 shares during the period. Noesis Capital Mangement Corp owned approximately 5.22% of Taitron Components worth $1,055,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.50% of the company's stock.
Taitron Components Stock Down 1.2 %
Shares of TAIT stock opened at $3.57 on Friday. Taitron Components has a one year low of $3.16 and a one year high of $4.32. The company has a 50 day moving average price of $3.64 and a 200 day moving average price of $3.72.
About Taitron Components
(Get Rating)
Taitron Components, Inc engages in the manufacture and distribution of original designed and manufactured products and electronic components. It also offers discrete semiconductors and commodity integrated circuits, optoelectronic devices, passive components, and value-added engineering and turnkey services.
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