What’s Ahead for Tat Technologies LTD. – Ordinary Shares (NASDAQ:TATT) After More Shorted Shares?

July 13, 2018 - By Benjamin Allen

TAT Technologies Ltd. (NASDAQ:TATT) Logo

The stock of Tat Technologies LTD. – Ordinary Shares (NASDAQ:TATT) registered an increase of 37.5% in short interest. TATT’s total short interest was 1,100 shares in July as published by FINRA. Its up 37.5% from 800 shares, reported previously. With 1,000 shares average volume, it will take short sellers 1 days to cover their TATT’s short positions. The short interest to Tat Technologies LTD. – Ordinary Shares’s float is 0.04%.

It closed at $7.4795 lastly. It is down 25.68% since July 13, 2017 and is downtrending. It has underperformed by 38.25% the S&P500.

TAT Technologies Ltd., together with its subsidiaries, provides various solutions and services to the commercial and military aerospace, and ground defense industries worldwide. The company has market cap of $66.18 million. It designs, develops, and makes a range of heat transfer solutions, such as pre-cooler and oil/fuel hydraulic heat exchangers used in mechanical and electronic systems in commercial, military, and business aircraft; environmental control and power electronics cooling systems for use in aircraft and ground applications; and a range of other mechanical aircraft accessories and systems, such as pumps, valves, and turbine power units. It has a 146.66 P/E ratio. The firm also provides maintenance, repair, and overhaul services for heat transfer components; and aviation components, such as APUs, landing gears, and other aircraft components, as well as makes heat transfer solutions on original equipment manufacturing basis.

Another recent and important TAT Technologies Ltd. (NASDAQ:TATT) news was published by Streetinsider.com which published an article titled: “Form 6-K TAT TECHNOLOGIES LTD For: Jun 27” on June 27, 2018.

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