Techprecision Corp. (NASDAQ:TPCS) Short Interest Down 39.1% in September

Techprecision Corp. (NASDAQ:TPCS) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 13,100 shares, a decrease of 39.1% from the September 15th total of 21,500 shares. Based on an average daily trading volume, of 65,000 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 65,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Techprecision

Hedge funds and other institutional investors have recently bought and sold shares of the business. Diversify Advisory Services LLC acquired a new stake in Techprecision during the 2nd quarter valued at $94,000. NewEdge Advisors LLC increased its holdings in Techprecision by 55.2% during the 1st quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 8,412 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Techprecision during the 2nd quarter valued at $42,000. Finally, ARS Investment Partners LLC boosted its position in Techprecision by 9.9% in the 2nd quarter. ARS Investment Partners LLC now owns 312,608 shares of the industrial products company’s stock valued at $1,169,000 after buying an additional 28,287 shares during the last quarter. 15.52% of the stock is owned by institutional investors and hedge funds.

Techprecision Price Performance

TPCS stock opened at $4.75 on Thursday. The business has a fifty day moving average price of $5.30 and a 200 day moving average price of $4.13. Techprecision has a fifty-two week low of $2.05 and a fifty-two week high of $6.25. The stock has a market capitalization of $47.26 million, a price-to-earnings ratio of -25.00 and a beta of 0.14.

Techprecision (NASDAQ:TPCS) last released its quarterly earnings results on Thursday, August 21st. The industrial products company reported ($0.06) earnings per share for the quarter. Techprecision had a negative net margin of 5.64% and a negative return on equity of 22.22%. The business had revenue of $7.38 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TPCS shares. Wall Street Zen raised Techprecision to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Techprecision in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Techprecision presently has an average rating of “Sell”.

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.