Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 53,800 shares, a drop of 46.8% from the September 30th total of 101,200 shares. Based on an average daily trading volume, of 397,900 shares, the short-interest ratio is presently 0.1 days. Currently, 1.7% of the company’s shares are sold short. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 397,900 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Taitron Components in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Taitron Components Stock Performance

Shares of NASDAQ:TAIT opened at $2.34 on Friday. The business’s 50 day simple moving average is $2.47 and its two-hundred day simple moving average is $2.29. The firm has a market cap of $14.09 million, a P/E ratio of -21.27 and a beta of 0.48. Taitron Components has a 52-week low of $2.01 and a 52-week high of $5.10.

Taitron Components (NASDAQ:TAIT) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.05) EPS for the quarter. The business had revenue of $1.17 million for the quarter. Taitron Components had a negative net margin of 15.92% and a negative return on equity of 4.12%.

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.