Taitron Components Incorporated (NASDAQ:TAIT) Sees Significant Decrease in Short Interest

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 53,800 shares, a drop of 46.8% from the September 30th total of 101,200 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 397,900 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 397,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.7% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Taitron Components in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Taitron Components Stock Performance

Shares of TAIT stock opened at $2.34 on Friday. Taitron Components has a 52-week low of $2.01 and a 52-week high of $5.10. The stock has a market cap of $14.09 million, a price-to-earnings ratio of -21.27 and a beta of 0.48. The firm has a fifty day moving average of $2.47 and a 200-day moving average of $2.29.

Taitron Components (NASDAQ:TAIT) last announced its earnings results on Thursday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $1.17 million for the quarter. Taitron Components had a negative return on equity of 4.12% and a negative net margin of 15.92%.

About Taitron Components

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.