Short Interest in Taitron Components Incorporated (NASDAQ:TAIT) Decreases By 71.8%

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 5,500 shares, a decline of 71.8% from the December 31st total of 19,500 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 13,800 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Taitron Components in a report on Tuesday, January 21st. They set a “hold” rating on the stock.

Taitron Components Stock Performance

Shares of Taitron Components stock traded down $0.03 on Tuesday, reaching $2.62. 726 shares of the stock were exchanged, compared to its average volume of 7,784. The firm has a market cap of $15.74 million, a PE ratio of 11.37 and a beta of 0.47. The firm’s 50 day moving average is $2.62 and its 200-day moving average is $2.78. Taitron Components has a one year low of $2.52 and a one year high of $3.34.

Taitron Components Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.65%. Taitron Components’s dividend payout ratio is presently 86.96%.

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.