TechPrecision Co. (NASDAQ:TPCS) Short Interest Update

TechPrecision Co. (NASDAQ:TPCS) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 5,800 shares, a drop of 40.8% from the January 31st total of 9,800 shares. Based on an average trading volume of 31,200 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

TechPrecision Price Performance

Shares of NASDAQ TPCS traded down $0.09 during mid-day trading on Monday, reaching $2.78. 64,115 shares of the company traded hands, compared to its average volume of 34,313. TechPrecision has a fifty-two week low of $2.16 and a fifty-two week high of $5.95. The firm has a market cap of $26.86 million, a PE ratio of -3.05 and a beta of 0.17. The stock has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $3.37.

TechPrecision (NASDAQ:TPCS) last issued 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 net margin of 24.25% and a negative return on equity of 86.04%.

Institutional Investors Weigh In On TechPrecision

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of TechPrecision by 10.1% during the 3rd 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. Northern Trust Corp boosted its holdings in TechPrecision by 65.4% during the fourth quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company’s stock worth $114,000 after buying an additional 12,366 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new stake in TechPrecision during the fourth quarter worth approximately $56,000. 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.