Short Interest in Taitron Components Incorporated (NASDAQ:TAIT) Decreases By 22.2%

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,800 shares, a drop of 22.2% from the October 15th total of 3,600 shares. Based on an average daily volume of 7,300 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Taitron Components Stock Performance

NASDAQ TAIT traded down $0.07 during trading on Friday, reaching $2.79. 4,990 shares of the company’s stock were exchanged, compared to its average volume of 10,827. The company has a 50 day moving average price of $2.86 and a two-hundred day moving average price of $2.87. The stock has a market cap of $16.77 million, a P/E ratio of 12.11 and a beta of 0.49. Taitron Components has a 1 year low of $2.57 and a 1 year high of $3.61.

Taitron Components (NASDAQ:TAIT) last issued its earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share for the quarter. Taitron Components had a return on equity of 7.89% and a net margin of 30.95%. The business had revenue of $1.22 million for the quarter.

Taitron Components Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.05 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.18%. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Taitron Components in a report on Sunday, November 10th. They issued a “hold” rating on the stock.

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.