Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,400 shares, a growth of 133.3% from the August 15th total of 600 shares. Based on an average daily trading volume, of 14,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Taitron Components Trading Up 2.9 %

NASDAQ TAIT traded up $0.10 during trading hours on Friday, hitting $3.60. 39,839 shares of the stock were exchanged, compared to its average volume of 10,832. Taitron Components has a 12-month low of $3.35 and a 12-month high of $4.32. The stock has a 50-day moving average of $3.81 and a 200 day moving average of $3.81.

Taitron Components (NASDAQ:TAIT) last posted its quarterly earnings results on Monday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $1.49 million during the quarter. Taitron Components had a net margin of 24.11% and a return on equity of 11.20%.

Taitron Components Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 11th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, August 10th. This represents a $0.20 annualized dividend and a yield of 5.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Taitron Components in a report on Wednesday. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Taitron Components stock. Dimensional Fund Advisors LP boosted its stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,166 shares of the company’s stock after buying an additional 2,979 shares during the quarter. Dimensional Fund Advisors LP owned 0.70% of Taitron Components worth $152,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 15.32% of the company’s 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. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components.