Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 500 shares, a drop of 84.8% from the February 29th total of 3,300 shares. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Taitron Components

A number of institutional investors and hedge funds have recently modified their holdings of TAIT. Significant Wealth Partners LLC bought a new stake in shares of Taitron Components during the 4th quarter worth approximately $637,000. Vanguard Group Inc. raised its stake in shares of Taitron Components by 10.9% during the third quarter. Vanguard Group Inc. now owns 144,349 shares of the company’s stock valued at $510,000 after acquiring an additional 14,154 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of Taitron Components during the third quarter valued at $41,000. Renaissance Technologies LLC raised its stake in shares of Taitron Components by 5.2% during the second quarter. Renaissance Technologies LLC now owns 319,629 shares of the company’s stock valued at $1,321,000 after acquiring an additional 15,756 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Taitron Components by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 42,166 shares of the company’s stock valued at $152,000 after acquiring an additional 2,979 shares during the last quarter. 18.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TAIT. StockNews.com began coverage on Taitron Components in a research note on Saturday. They set a “hold” rating for the company. TheStreet downgraded shares of Taitron Components from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th.

Taitron Components Stock Performance

TAIT stock traded up $0.02 during trading on Wednesday, hitting $3.26. The company had a trading volume of 6,788 shares, compared to its average volume of 17,483. The firm has a 50-day moving average price of $3.21 and a 200-day moving average price of $3.37. Taitron Components has a 12 month low of $3.05 and a 12 month high of $4.32.

Taitron Components Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.20 annualized dividend and a yield of 6.13%.

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.