Taitron Components Incorporated (NASDAQ:TAIT) Experiences Lighter than Usual Trading Volume

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Trading volume for Taitron Components Incorporated was 4,610 in the last trading session. Shares saw a steep decrease in trading volume of 86.22% under the normal average daily volume.

Traders are feeling more bullish on shares of the company recently as indicated by the downtick in short interest. The firm had a fall in short interest from September 29, 2017 to October 13, 2017 of -43.15%. Short interest fell from 1,314 to 747 over that timeframe. Days to cover decreased from 0.0 to 0.0 and the percentage of shorted shares was 0.00% on October 13.

Additionally, here are a few investment firms who have increased or decreased their stake in (TAIT). As of the end of the quarter Citadel Advisors LLC had sold a total of 3,440 shares trimming its holdings by 19.6%. The value of the total investment in Taitron Components Incorporated decreased from $21,000 to $17,000 a change of $4,000 for the reporting period. Renaissance Technologies LLC grew its investment by buying 17,900 shares an increase of 57.7%. Renaissance Technologies LLC claims 48,900 shares worth $79,000. The value of the position overall is up by 113.5%.

Ubs Group Ag bolstered its holdings by buying 4,039 shares an increase of 1,369.2% in the quarter. Ubs Group Ag now controls 4,334 shares valued at $7,000. The total value of its holdings increased inf%.

The company is so far trading down by 0.65% percent from yesterday’s close. Shares last traded at $1.58 which is marginally lower than the 50 day moving average of $1.60 and which is marginally over the 200 day moving average of $1.55. The 50 day moving average went down $-0.02 or -1.1892% whereas the 200 day average was up by +1.9287%.

Taitron Components Incorporated (Taitron), launched on December 1, 1989, is a distributor of electronic components and supplier of original designed and manufactured (ODM) electronic components (ODM Components). The Company is involved in the business of providing distribution and services for electronic components. The Business’s product offerings range from discrete semiconductors to electronic devices. The Company 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)..

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