TechPrecision Co. (NASDAQ:TPCS) Short Interest Up 71.4% in November

TechPrecision Co. (NASDAQ:TPCS) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 3,600 shares, a growth of 71.4% from the October 31st total of 2,100 shares. Based on an average trading volume of 20,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

TechPrecision Stock Performance

TechPrecision stock traded up $0.03 during midday trading on Friday, hitting $3.68. 63,775 shares of the company’s stock were exchanged, compared to its average volume of 22,636. The company has a market cap of $35.39 million, a PE ratio of -4.04 and a beta of 0.21. The firm has a 50-day moving average of $3.41 and a two-hundred day moving average of $3.51. TechPrecision has a 12 month low of $2.85 and a 12 month high of $6.53.

TechPrecision (NASDAQ:TPCS) last released its quarterly earnings data on Friday, September 13th. The industrial products company reported ($0.59) earnings per share (EPS) for the quarter. The business had revenue of $8.60 million for the quarter. TechPrecision had a negative net margin of 24.76% and a negative return on equity of 75.87%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC grew its position in TechPrecision Co. (NASDAQ:TPCS) by 10.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 0.85% of TechPrecision worth $257,000 at the end of the most recent quarter. 15.52% of the stock is currently owned by institutional investors and hedge funds.

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.