Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Sees Large Decline in Short Interest

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 200 shares, a decline of 33.3% from the January 15th total of 300 shares. Based on an average trading volume of 10,700 shares, the days-to-cover ratio is presently 0.0 days.

Tel-Instrument Electronics Price Performance

Shares of TIKK remained flat at $3.19 during trading hours on Friday. The company has a 50-day simple moving average of $2.96 and a 200 day simple moving average of $2.76. Tel-Instrument Electronics has a 52-week low of $1.60 and a 52-week high of $3.37. The company has a market cap of $10.40 million, a P/E ratio of -15.95 and a beta of 0.50.

Tel-Instrument Electronics (OTCMKTS:TIKK) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.17) earnings per share (EPS) for the quarter. Tel-Instrument Electronics had a negative net margin of 3.23% and a negative return on equity of 105.05%. The firm had revenue of $2.97 million for the quarter.

Tel-Instrument Electronics Company Profile

Tel-Instrument Electronics Corp. engages in designing, manufacturing, and sales of avionics test and measurement instruments for the commercial air transport, general aviation, and government/military aerospace and defense markets in the United States and internationally. It operates through two segments, Avionics Government and Avionics Commercial.