TechPrecision Co. (NASDAQ:TPCS) Short Interest Down 46.5% in May

Posted by James Quigley on Jun 16th, 2025

TechPrecision Co. (NASDAQ:TPCS – Get Free Report) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 14,600 shares, a drop of 46.5% from the May 15th total of 27,300 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 44,900 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On TechPrecision

An institutional investor recently bought a new position in TechPrecision stock. NewEdge Advisors LLC purchased a new stake in TechPrecision Co. (NASDAQ:TPCS – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,246 shares of the industrial products company’s stock, valued at approximately $56,000. NewEdge Advisors LLC owned 0.16% of TechPrecision at the end of the most recent quarter. Institutional investors own 15.52% of the company’s stock.

TechPrecision Trading Up 4.5%

Shares of NASDAQ:TPCS traded up $0.15 during trading on Monday, hitting $3.38. 12,926 shares of the company’s stock traded hands, compared to its average volume of 31,029. TechPrecision has a 52 week low of $2.05 and a 52 week high of $4.42. The company has a 50-day moving average price of $3.14 and a 200-day moving average price of $3.11. The company has a market cap of $32.91 million, a price-to-earnings ratio of -3.71 and a beta of 0.22.

TechPrecision (NASDAQ:TPCS – Get Free Report) last posted its quarterly earnings data on Tuesday, April 8th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter. TechPrecision had a negative return on equity of 86.04% and a negative net margin of 24.25%. The firm had revenue of $7.62 million for the quarter.

About TechPrecision

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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.