Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,100 shares, an increase of 120.0% from the March 31st total of 500 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 12,400 shares, the days-to-cover ratio is presently 0.1 days.

Taitron Components Price Performance

Shares of Taitron Components stock traded up $0.10 during trading hours on Monday, reaching $2.29. The company’s stock had a trading volume of 158 shares, compared to its average volume of 12,328. Taitron Components has a one year low of $2.16 and a one year high of $3.21. The firm has a 50 day moving average price of $2.42 and a 200-day moving average price of $2.59. The stock has a market cap of $13.81 million, a P/E ratio of 9.97 and a beta of 0.38.

Taitron Components Announces Dividend

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. This represents a $0.20 annualized dividend and a dividend yield of 8.72%. The ex-dividend date was Friday, February 14th. Taitron Components’s payout ratio is 86.96%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Taitron Components in a report on Sunday. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Taitron Components

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

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.