Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 500 shares, a decrease of 84.8% from the February 29th total of 3,300 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com assumed coverage on Taitron Components in a research note on Saturday, March 23rd. They issued a “hold” rating for the company. TheStreet lowered Taitron Components from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th.

Taitron Components Stock Performance

TAIT stock traded down $0.03 on Thursday, reaching $3.23. The company’s stock had a trading volume of 1,449 shares, compared to its average volume of 17,239. The business has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $3.37. Taitron Components has a 12-month low of $3.05 and a 12-month high of $4.32.

Taitron Components Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.20 dividend on an annualized basis and a yield of 6.19%.

Hedge Funds Weigh In On Taitron Components

A number of institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC bought a new position in shares of Taitron Components during the third quarter valued at $41,000. Renaissance Technologies LLC increased its holdings in shares of Taitron Components by 5.2% during the second quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after acquiring an additional 15,756 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Taitron Components by 10.9% during the third quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock valued at $510,000 after acquiring an additional 14,154 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Taitron Components by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 42,166 shares of the company’s stock valued at $152,000 after acquiring an additional 2,979 shares in the last quarter. Finally, Significant Wealth Partners LLC bought a new position in shares of Taitron Components during the fourth quarter valued at $637,000. Institutional investors own 18.09% of the company’s stock.

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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.