Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Down 42.9% in March

Taitron Components Incorporated (NASDAQ:TAIT) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, a decrease of 42.9% from the February 28th total of 2,100 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 8,800 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Taitron Components

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC bought a new stake in Taitron Components Incorporated (NASDAQ:TAIT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned approximately 0.36% of Taitron Components as of its most recent SEC filing. 18.09% of the stock is owned by institutional investors.

Taitron Components Stock Up 0.8 %

Shares of NASDAQ:TAIT opened at $2.58 on Friday. Taitron Components has a twelve month low of $2.48 and a twelve month high of $3.30. The firm has a market capitalization of $15.53 million, a price-to-earnings ratio of 11.22 and a beta of 0.43. The stock’s 50 day moving average is $2.58 and its 200-day moving average is $2.69.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.05 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.20 annualized dividend and a yield of 7.75%. Taitron Components’s payout ratio is 86.96%.

Analyst Upgrades and Downgrades

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