TechPrecision Co. (NASDAQ:TPCS) Short Interest Update

TechPrecision Co. (NASDAQ:TPCS) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 8,500 shares, a decline of 14.1% from the December 31st total of 9,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 27,100 shares, the days-to-cover ratio is currently 0.3 days.

TechPrecision Stock Performance

Shares of TPCS traded down $0.02 during mid-day trading on Friday, reaching $3.13. The company had a trading volume of 12,551 shares, compared to its average volume of 25,718. The company has a market capitalization of $30.24 million, a price-to-earnings ratio of -3.44 and a beta of 0.19. The company’s 50 day simple moving average is $3.48 and its 200 day simple moving average is $3.47. TechPrecision has a 1-year low of $2.85 and a 1-year high of $5.95.

TechPrecision (NASDAQ:TPCS) last announced its quarterly earnings results 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 Trading of TechPrecision

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC increased its holdings in shares of TechPrecision Co. (NASDAQ:TPCS) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,956 shares of the industrial products company’s stock after buying an additional 7,516 shares during the period. Geode Capital Management LLC owned about 0.85% of TechPrecision worth $257,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.52% of the company’s stock.

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.