Short Interest of The Day: What’s Next for Taitron Components Incorporated Class A (NASDAQ:TAIT) After Having More Shares Shorted?

November 17, 2016 - By Linda Rogers   ·   0 Comments

Short Interest of The Day: What's Next for Taitron Components Incorporated Class A (NASDAQ:TAIT) After Having More Shares Shorted?

The stock of Taitron Components Incorporated Class A (NASDAQ:TAIT) registered an increase of 129.41% in short interest. TAIT’s total short interest was 3,900 shares in November as published by FINRA. Its up 129.41% from 1,700 shares, reported previously. With 9,600 shares average volume, it will take short sellers 0 days to cover their TAIT’s short positions. The short interest to Taitron Components Incorporated Class A’s float is 0.13%. The stock closed at $1.2 during the last session. It is down 29.03% since April 15, 2016 and is uptrending. It has outperformed by 24.41% the S&P500.

Taitron Components Incorporated is a distributor of electronic components and supplier of original designed and manufactured (ODM) electronic components (ODM Components). The company has a market cap of $6.75 million. The Firm is engaged in the business of providing distribution and services for electronic components. It currently has negative earnings. The Company’s product offerings range from discrete semiconductors to electronic devices.

Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.75, from 0.5 in 2016Q1. The ratio is positive, as 2 funds sold all Taitron Components Inc. shares owned while 2 reduced positions. 3 funds bought stakes while 2 increased positions. They now own 626,221 shares or 5.13% less from 660,085 shares in 2016Q1.
Renaissance Ltd Co has 10,600 shares for 0% of their US portfolio. Deutsche Bancorporation Ag last reported 0% of its portfolio in the stock. Moreover, Tower (Trc) has 0% invested in Taitron Components Inc. (NASDAQ:TAIT) for 25 shares. Noesis Cap Mangement owns 590,341 shares or 0.27% of their US portfolio. Commercial Bank Of America Corporation De last reported 1 shares in the company. Blackrock Fund accumulated 743 shares or 0% of the stock. Citadel Advsr Ltd reported 21,087 shares or 0% of all its holdings.

TAIT Company Profile

Taitron Components Incorporated (Taitron), incorporated on December 1, 1989, is a distributor of electronic components and supplier of original designed and manufactured (ODM) electronic components (ODM Components). The Firm is engaged in the business of providing distribution and services for electronic components. The Company’s product offerings range from discrete semiconductors to electronic devices. The Firm also offers engineering and services, focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM services for their projects (ODM Projects).

More recent Taitron Components Inc. (NASDAQ:TAIT) news were published by: Seekingalpha.com which released: “Taitron Components – Inventory Net-Net With Minimal Downside, But Unclear Upside” on October 18, 2016. Also Seekingalpha.com published the news titled: “Taitron Components: How I Made 49% Profit On This Cigar-Butt Within 21 Months” on May 09, 2016. Seekingalpha.com‘s news article titled: “Exploring Graham’s Net-Net Working Capital Strategy, Part 2: Avoid Investing …” with publication date: May 23, 2016 was also an interesting one.

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By Linda Rogers


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