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 during the month of April. As of April 15th, there was short interest totalling 300 shares, a decline of 76.9% from the March 31st total of 1,300 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 600 shares, the short-interest ratio is presently 0.5 days.

Tel-Instrument Electronics Price Performance

Shares of TIKK stock opened at $2.65 on Tuesday. The firm has a fifty day moving average of $2.79 and a 200-day moving average of $2.86. The company has a market capitalization of $8.63 million, a price-to-earnings ratio of -6.79 and a beta of 0.50. Tel-Instrument Electronics has a 12-month low of $1.60 and a 12-month high of $3.37.

Tel-Instrument Electronics (OTCMKTS:TIKK) last posted its earnings results on Thursday, February 13th. The company reported ($0.17) EPS for the quarter. The firm had revenue of $2.97 million during the quarter. Tel-Instrument Electronics had a negative net margin of 9.22% and a negative return on equity of 105.05%.

About Tel-Instrument Electronics

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.