TAT Technologies Ltd. (NASDAQ:TATT) Short Interest Down 27.6% in February

TAT Technologies Ltd. (NASDAQ:TATT) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 14,700 shares, a drop of 27.6% from the February 13th total of 20,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 51,500 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On TAT Technologies

A number of large investors have recently modified their holdings of the company. Wasatch Advisors LP purchased a new stake in TAT Technologies in the 4th quarter worth approximately $4,349,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of TAT Technologies by 142.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company’s stock worth $1,019,000 after purchasing an additional 22,987 shares during the period. Marshall Wace LLP purchased a new stake in shares of TAT Technologies in the fourth quarter worth $444,000. Jane Street Group LLC bought a new stake in TAT Technologies during the fourth quarter valued at $368,000. Finally, Renaissance Technologies LLC grew its position in TAT Technologies by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 189,301 shares of the aerospace company’s stock worth $4,861,000 after buying an additional 11,799 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors.

TAT Technologies Price Performance

NASDAQ TATT traded down $0.81 during trading hours on Tuesday, hitting $25.29. The company had a trading volume of 22,480 shares, compared to its average volume of 24,766. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.29 and a current ratio of 3.04. The firm has a market capitalization of $276.62 million, a price-to-earnings ratio of 34.17 and a beta of 0.99. TAT Technologies has a 52 week low of $10.61 and a 52 week high of $33.37. The firm has a 50 day simple moving average of $27.68 and a 200 day simple moving average of $23.09.

Wall Street Analysts Forecast Growth

TATT has been the topic of a number of recent research reports. Benchmark began coverage on shares of TAT Technologies in a research note on Thursday, December 5th. They set a “buy” rating and a $30.00 price target on the stock. StockNews.com raised shares of TAT Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 8th.

About TAT Technologies

TAT Technologies Ltd., together with its subsidiaries, provides solutions and services to the commercial and military aerospace, and ground defense industries in the United States, Israel, and internationally. The company operates through four segments: Original Equipment Manufacturing (OEM) of Heat Transfer Solutions and Aviation Accessories; Maintenance, Repair, and Overhaul (MRO) Services for Heat Transfer Components and OEM of Heat Transfer Solutions; MRO Services for Aviation Components; and Overhaul and Coating of Jet Engine Components.