Short Interest in TechPrecision Co. (NASDAQ:TPCS) Expands By 71.4%

TechPrecision Co. (NASDAQ:TPCS) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,600 shares, an increase of 71.4% from the October 31st total of 2,100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 20,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC grew its stake in TechPrecision Co. (NASDAQ:TPCS) by 10.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,956 shares of the industrial products company’s stock after acquiring an additional 7,516 shares during the period. Geode Capital Management LLC owned 0.85% of TechPrecision worth $257,000 at the end of the most recent reporting period. Institutional investors own 15.52% of the company’s stock.

TechPrecision Stock Up 0.8 %

TechPrecision stock traded up $0.03 during mid-day trading on Friday, reaching $3.68. 63,775 shares of the company’s stock traded hands, compared to its average volume of 22,636. TechPrecision has a 12-month low of $2.85 and a 12-month high of $6.53. The company has a market cap of $35.39 million, a price-to-earnings ratio of -4.04 and a beta of 0.21. The stock has a 50 day moving average of $3.41 and a two-hundred day moving average of $3.51.

TechPrecision (NASDAQ:TPCS) last announced its quarterly earnings results on Friday, September 13th. The industrial products company reported ($0.59) EPS for the quarter. TechPrecision had a negative net margin of 24.76% and a negative return on equity of 75.87%. The business had revenue of $8.60 million during the quarter.

TechPrecision Company Profile

TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, fabricated, and machined metal structural components and systems in the United States. The company operates through two segments, Ranor and Stadco. It provides custom components for ships, submarines, military helicopters, aerospace equipment, components for nuclear power plants, and components for medical systems.