TechPrecision Co. (NASDAQ:TPCS) Short Interest Up 129.3% in February

TechPrecision Co. (NASDAQ:TPCS) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 13,300 shares, an increase of 129.3% from the February 13th total of 5,800 shares. Based on an average daily trading volume, of 33,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

TechPrecision Stock Up 4.4 %

Shares of NASDAQ:TPCS traded up $0.12 during mid-day trading on Friday, reaching $2.85. 39,632 shares of the stock were exchanged, compared to its average volume of 34,335. The company has a market cap of $27.54 million, a P/E ratio of -3.13 and a beta of 0.18. TechPrecision has a one year low of $2.16 and a one year high of $5.95. The stock’s 50 day simple moving average is $3.04 and its 200-day simple moving average is $3.32.

TechPrecision (NASDAQ:TPCS) last posted its quarterly earnings data on Tuesday, January 21st. The industrial products company reported ($0.06) 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TPCS. NewEdge Advisors LLC bought a new position in TechPrecision in the fourth quarter valued at approximately $56,000. Northern Trust Corp grew its stake in TechPrecision by 65.4% in the fourth quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 12,366 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in TechPrecision by 10.1% in the third quarter. Geode Capital Management LLC now owns 81,956 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 7,516 shares in the last quarter. 15.52% of the stock is currently owned by institutional investors.

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.