Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Short Interest Down 22.2% in October

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 700 shares, a drop of 22.2% from the October 15th total of 900 shares. Based on an average daily volume of 1,800 shares, the short-interest ratio is currently 0.4 days.

Tel-Instrument Electronics Trading Down 6.7 %

Tel-Instrument Electronics stock traded down $0.19 during mid-day trading on Friday, hitting $2.65. The company had a trading volume of 9,002 shares, compared to its average volume of 1,206. Tel-Instrument Electronics has a 12 month low of $1.60 and a 12 month high of $3.04. The company has a market capitalization of $8.64 million, a PE ratio of -33.13 and a beta of 0.46. The stock’s 50 day moving average price is $2.73 and its two-hundred day moving average price is $2.33.

Tel-Instrument Electronics (OTCMKTS:TIKK) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $2.84 million for the quarter. Tel-Instrument Electronics had a net margin of 1.01% and a return on equity of 17.90%.

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.