Taitron Components Incorporated (NASDAQ:TAIT) Short Interest Up 118.8% in November

Taitron Components Incorporated (NASDAQ:TAIT) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 17,500 shares, an increase of 118.8% from the November 15th total of 8,000 shares. Based on an average daily trading volume, of 11,800 shares, the short-interest ratio is presently 1.5 days. Approximately 0.6% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Taitron Components in a research note on Thursday. They set a “hold” rating on the stock.

Taitron Components Stock Performance

Shares of NASDAQ TAIT traded up $0.04 during mid-day trading on Friday, reaching $2.68. The company had a trading volume of 3,294 shares, compared to its average volume of 13,262. Taitron Components has a 12-month low of $2.52 and a 12-month high of $3.61. The company has a market capitalization of $16.13 million, a price-to-earnings ratio of 11.65 and a beta of 0.47. The stock has a fifty day moving average of $2.78 and a two-hundred day moving average of $2.82.

Taitron Components Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.05 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.46%. Taitron Components’s dividend payout ratio (DPR) is currently 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.