Short Interest in Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Drops By 33.3%

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the target of a large decline in short interest during 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 daily trading volume, of 10,700 shares, the days-to-cover ratio is currently 0.0 days.

Tel-Instrument Electronics Stock Performance

Shares of OTCMKTS:TIKK opened at $3.19 on Friday. Tel-Instrument Electronics has a fifty-two week low of $1.60 and a fifty-two week high of $3.37. The business has a 50-day simple moving average of $2.96 and a two-hundred day simple moving average of $2.76. The firm has a market cap of $10.40 million, a price-to-earnings ratio of -15.95 and a beta of 0.50.

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