Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Sees Large Increase in Short Interest

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 1,300 shares, an increase of 116.7% from the March 15th total of 600 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the stock are sold short.

Tel-Instrument Electronics Stock Performance

OTCMKTS TIKK remained flat at $2.65 during trading hours on Thursday. Tel-Instrument Electronics has a 12-month low of $1.60 and a 12-month high of $3.37. The stock has a 50 day simple moving average of $2.88 and a two-hundred day simple moving average of $2.88. The firm has a market cap of $8.63 million, a PE ratio of -6.79 and a beta of 0.50.

Tel-Instrument Electronics (OTCMKTS:TIKK) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $2.97 million during the quarter. Tel-Instrument Electronics had a negative net margin of 9.22% and a negative return on equity of 105.05%.

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.