Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Up 20.0% in October

Taitron Components Incorporated (NASDAQ:TAIT) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 3,600 shares, an increase of 20.0% from the September 30th total of 3,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Taitron Components in a report on Friday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Coulter & Justus Financial Services LLC bought a new position in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 264,397 shares of the company’s stock, valued at approximately $851,000. Coulter & Justus Financial Services LLC owned about 4.39% of Taitron Components at the end of the most recent reporting period. Institutional investors and hedge funds own 18.09% of the company’s stock.

Taitron Components Trading Up 1.8 %

Shares of TAIT traded up $0.05 during trading hours on Tuesday, hitting $2.89. The company had a trading volume of 9,623 shares, compared to its average volume of 12,623. The company has a market capitalization of $17.40 million, a PE ratio of 10.32 and a beta of 0.48. Taitron Components has a one year low of $2.57 and a one year high of $3.61. The company’s fifty day moving average price is $2.88 and its two-hundred day moving average price is $2.90.

Taitron Components (NASDAQ:TAIT) last announced its earnings results on Wednesday, August 14th. The company reported $0.07 EPS for the quarter. Taitron Components had a net margin of 32.00% and a return on equity of 8.87%. The business had revenue of $1.22 million during the quarter.

Taitron Components Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.20 dividend on an annualized basis and a yield of 6.92%. Taitron Components’s payout ratio is 71.43%.

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.