Short Interest in Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Increases By 125.0%

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 900 shares, a growth of 125.0% from the September 30th total of 400 shares. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is presently 0.5 days.

Tel-Instrument Electronics Price Performance

TIKK stock remained flat at $2.56 during midday trading on Friday. The company has a fifty day simple moving average of $2.67 and a 200 day simple moving average of $2.25. Tel-Instrument Electronics has a one year low of $1.60 and a one year high of $3.04. The company has a market cap of $8.35 million, a PE ratio of -32.00 and a beta of 0.45.

Tel-Instrument Electronics (OTCMKTS:TIKK) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $2.84 million during 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.