It Seems Taitron Components Incorporated – Class A (NASDAQ:TAIT) Will Go Up. Just Reported Less Shorted Shares

April 16, 2018 - By Eugene Smith

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 2.50, from 3 in 2017Q3. It fall, as 2 investors sold Taitron Components Incorporated shares while 2 reduced holdings. 1 funds opened positions while 1 raised stakes. 591,148 shares or 4.96% less from 622,010 shares in 2017Q3 were reported.
676 are held by Thompson Davis Incorporated. Virtu Ltd holds 12,454 shares. Blackrock invested in 800 shares. Noesis Mangement Corporation has invested 0.27% in Taitron Components Incorporated (NASDAQ:TAIT). Renaissance Techs Ltd Liability Company has 0% invested in Taitron Components Incorporated (NASDAQ:TAIT) for 85,400 shares. Susquehanna Group Incorporated Llp reported 0% of its portfolio in Taitron Components Incorporated (NASDAQ:TAIT). Deutsche Bancshares Ag owns 15,169 shares. Royal Fincl Bank Of Canada invested 0% in Taitron Components Incorporated (NASDAQ:TAIT).

The stock of Taitron Components Incorporated – Class A (NASDAQ:TAIT) registered a decrease of 70% in short interest. TAIT’s total short interest was 1,500 shares in April as published by FINRA. Its down 70% from 5,000 shares, reported previously. The short interest to Taitron Components Incorporated – Class A’s float is 0.05%.

The stock increased 1.44% or $0.02 during the last trading session, reaching $1.41. About 3,228 shares traded. Taitron Components Incorporated (NASDAQ:TAIT) has risen 25.13% since April 16, 2017 and is uptrending. It has outperformed by 13.58% the S&P500.

Taitron Components Incorporated engages in the supply of original designed and manufactured electronic components, and distribution of brand name electronic components. The company has market cap of $7.86 million. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. It currently has negative earnings. The firm also provides value-added engineering and turn-key services focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM services for their turn-key projects.

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