Short Interest in Taitron Components Inc. (NASDAQ:TAIT) Declines By 17.4%

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Taitron Components Inc. (NASDAQ:TAIT) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 1,900 shares, a decrease of 17.4% from the June 30th total of 2,300 shares. Based on an average trading volume of 15,300 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

A hedge fund recently raised its stake in Taitron Components stock. Renaissance Technologies LLC grew its position in shares of Taitron Components Inc. (NASDAQ:TAIT) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,051 shares of the company’s stock after buying an additional 11,500 shares during the quarter. Renaissance Technologies LLC owned 5.20% of Taitron Components worth $849,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 11.91% of the company’s stock.

NASDAQ TAIT opened at $2.46 on Friday. The business’s fifty day moving average price is $2.52 and its 200-day moving average price is $2.53. The stock has a market capitalization of $14.27 million, a price-to-earnings ratio of 9.31 and a beta of 1.43. Taitron Components has a 1-year low of $2.02 and a 1-year high of $3.99.

Taitron Components (NASDAQ:TAIT) last released its quarterly earnings results on Friday, May 15th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $1.47 million for the quarter. Taitron Components had a return on equity of 5.24% and a net margin of 9.85%.

Separately, TheStreet cut Taitron Components from a “b-” rating to a “c+” rating in a report on Friday, April 24th.

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, passive components, transistors, and diodes.

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