Short Interest in Techprecision Corp. (NASDAQ:TPCS) Rises By 1,084.0%

Techprecision Corp. (NASDAQ:TPCS) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 84,228 shares, an increase of 1,084.0% from the June 15th total of 7,114 shares. Based on an average trading volume of 102,584 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TPCS. ARS Investment Partners LLC grew its position in Techprecision by 0.7% during the 4th quarter. ARS Investment Partners LLC now owns 314,908 shares of the industrial products company’s stock worth $1,521,000 after purchasing an additional 2,300 shares during the period. Diversify Advisory Services LLC lifted its holdings in shares of Techprecision by 11.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 27,924 shares of the industrial products company’s stock valued at $149,000 after buying an additional 2,782 shares during the period. Geode Capital Management LLC boosted its stake in shares of Techprecision by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 96,055 shares of the industrial products company’s stock worth $464,000 after buying an additional 3,448 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Techprecision by 29.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock worth $86,000 after buying an additional 4,071 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in Techprecision by 29.7% during the third quarter. Citadel Advisors LLC now owns 19,940 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 4,566 shares during the period. Institutional investors and hedge funds own 15.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Techprecision in a report on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Techprecision currently has an average rating of “Sell”.

Techprecision Stock Down 2.2%

Shares of NASDAQ TPCS traded down $0.11 during midday trading on Friday, reaching $4.80. 21,205 shares of the company’s stock traded hands, compared to its average volume of 68,041. The stock’s 50 day simple moving average is $4.10 and its 200-day simple moving average is $4.13. Techprecision has a one year low of $2.88 and a one year high of $6.25. The company has a market cap of $48.12 million, a price-to-earnings ratio of -28.23 and a beta of 0.41.

Techprecision (NASDAQ:TPCS) last issued its quarterly earnings data on Monday, June 22nd. The industrial products company reported ($0.04) earnings per share for the quarter. Techprecision had a negative net margin of 5.26% and a negative return on equity of 20.19%. The company had revenue of $8.09 million for the quarter.

Techprecision Company Profile

TechPrecision, Inc (NASDAQ:TPCS) specializes in the design, engineering and manufacture of high-precision automated machinery and turnkey production solutions. The company’s core offerings include assembly, test and inspection equipment, servo-electric press systems and custom packaging machines tailored for industries with stringent quality and regulatory requirements. TechPrecision’s products support medical device, pharmaceutical, consumer goods and industrial applications, delivering end-to-end services from concept development and prototyping to full-scale production and after-market support.

Founded in 1987 and headquartered in Fredericksburg, Virginia, TechPrecision operates two primary manufacturing facilities: its U.S.