Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Down 58.3% in March

Taitron Components Incorporated (NASDAQ:TAIT) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 500 shares, a decrease of 58.3% from the March 15th total of 1,200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,900 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Taitron Components stock. Soltis Investment Advisors LLC purchased a new stake in shares of Taitron Components Incorporated (NASDAQ:TAIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,622 shares of the company’s stock, valued at approximately $56,000. Soltis Investment Advisors LLC owned 0.36% of Taitron Components as of its most recent SEC filing. 18.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Taitron Components in a report on Friday, April 11th. They issued a “hold” rating for the company.

Taitron Components Trading Up 1.4 %

Shares of NASDAQ TAIT opened at $2.21 on Wednesday. Taitron Components has a 1-year low of $2.16 and a 1-year high of $3.21. The company has a 50-day moving average of $2.49 and a two-hundred day moving average of $2.63. The company has a market cap of $13.31 million, a PE ratio of 9.61 and a beta of 0.38.

Taitron Components Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 9.05%. The ex-dividend date was Friday, February 14th. Taitron Components’s dividend payout ratio (DPR) is presently 86.96%.

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.