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

by · The Cerbat Gem

Taitron Components Incorporated (NASDAQ:TAIT – Get Free Report) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,000 shares, a growth of 185.7% from the October 31st total of 2,800 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 11,000 shares, the short-interest ratio is presently 0.7 days.

Taitron Components Price Performance

Taitron Components stock traded up $0.01 during mid-day trading on Wednesday, hitting $2.71. 9,162 shares of the company’s stock traded hands, compared to its average volume of 13,284. Taitron Components has a fifty-two week low of $2.52 and a fifty-two week high of $3.61. The stock has a market cap of $16.31 million, a price-to-earnings ratio of 11.83 and a beta of 0.49. The firm has a 50 day simple moving average of $2.84 and a two-hundred day simple moving average of $2.85.

Taitron Components Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.38%. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on Taitron Components

About Taitron Components

(Get Free Report)

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.

Read More