Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Update

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 2,800 shares, a drop of 22.2% from the October 15th total of 3,600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,300 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Taitron Components in a report on Sunday, November 10th. They set a “hold” rating on the stock.

Taitron Components Trading Down 2.3 %

NASDAQ:TAIT traded down $0.07 during trading hours on Friday, hitting $2.79. 4,990 shares of the stock were exchanged, compared to its average volume of 10,827. The firm’s fifty day moving average price is $2.86 and its 200 day moving average price is $2.87. Taitron Components has a 52-week low of $2.57 and a 52-week high of $3.61. The company has a market cap of $16.77 million, a P/E ratio of 12.11 and a beta of 0.49.

Taitron Components (NASDAQ:TAIT) last announced its earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter. Taitron Components had a net margin of 30.95% and a return on equity of 7.89%. The company had revenue of $1.22 million for the quarter.

Taitron Components Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.18%. Taitron Components’s dividend payout ratio is currently 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.