TechPrecision Co. (NASDAQ:TPCS) Sees Large Growth in Short Interest

TechPrecision Co. (NASDAQ:TPCS) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 16,500 shares, a growth of 24.1% from the February 28th total of 13,300 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 35,500 shares, the short-interest ratio is presently 0.5 days.

TechPrecision Stock Up 0.4 %

Shares of NASDAQ:TPCS traded up $0.01 during trading on Wednesday, hitting $2.35. The stock had a trading volume of 1,942 shares, compared to its average volume of 28,269. The company has a market capitalization of $22.71 million, a PE ratio of -2.58 and a beta of 0.18. The firm’s fifty day moving average is $2.85 and its 200 day moving average is $3.24. TechPrecision has a 12 month low of $2.12 and a 12 month high of $5.95.

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

A number of institutional investors and hedge funds have recently bought and sold shares of TPCS. Geode Capital Management LLC lifted its stake in shares of TechPrecision by 10.1% in the third quarter. Geode Capital Management LLC now owns 81,956 shares of the industrial products company’s stock worth $257,000 after buying an additional 7,516 shares in the last quarter. NewEdge Advisors LLC purchased a new position in TechPrecision in the 4th quarter worth approximately $56,000. Finally, Northern Trust Corp lifted its position in TechPrecision by 65.4% in the 4th quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 12,366 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.