Short Interest in Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Declines By 22.2%

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 700 shares, a decline of 22.2% from the October 15th total of 900 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is currently 0.4 days.

Tel-Instrument Electronics Stock Performance

Shares of OTCMKTS:TIKK traded down $0.19 during midday trading on Friday, hitting $2.65. 9,002 shares of the stock were exchanged, compared to its average volume of 1,206. The company has a market capitalization of $8.64 million, a PE ratio of -33.13 and a beta of 0.46. Tel-Instrument Electronics has a 52-week low of $1.60 and a 52-week high of $3.04. The business’s fifty day simple moving average is $2.73 and its two-hundred day simple moving average is $2.33.

Tel-Instrument Electronics (OTCMKTS:TIKK) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter. The business had revenue of $2.84 million for the quarter. Tel-Instrument Electronics had a return on equity of 17.90% and a net margin of 1.01%.

About Tel-Instrument Electronics

Tel-Instrument Electronics Corp. engages in designing, manufacturing, and sales of avionics test and measurement instruments for the commercial air transport, general aviation, and government/military aerospace and defense markets in the United States and internationally. It operates through two segments, Avionics Government and Avionics Commercial.