TechPrecision Co. (NASDAQ:TPCS) Short Interest Up 27.1% in January

TechPrecision Co. (NASDAQ:TPCS) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 10,800 shares, a growth of 27.1% from the December 31st total of 8,500 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 26,000 shares, the days-to-cover ratio is presently 0.4 days.

TechPrecision Trading Down 0.6 %

TPCS stock traded down $0.02 during midday trading on Friday, hitting $3.13. The stock had a trading volume of 12,551 shares, compared to its average volume of 23,781. The business has a fifty day moving average price of $3.48 and a two-hundred day moving average price of $3.47. TechPrecision has a 1-year low of $2.85 and a 1-year high of $5.95. The firm has a market cap of $30.25 million, a P/E ratio of -3.44 and a beta of 0.19.

TechPrecision (NASDAQ:TPCS) last announced its quarterly earnings data on Tuesday, January 21st. The industrial products company reported ($0.06) EPS for the quarter. TechPrecision had a negative return on equity of 86.04% and a negative net margin of 24.25%.

Hedge Funds Weigh In On TechPrecision

A hedge fund recently raised its stake in TechPrecision stock. Geode Capital Management LLC increased its position in shares of TechPrecision Co. (NASDAQ:TPCS) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,956 shares of the industrial products company’s stock after buying an additional 7,516 shares during the quarter. Geode Capital Management LLC owned about 0.85% of TechPrecision worth $257,000 at the end of the most recent quarter. Institutional investors and hedge funds own 15.52% of the company’s stock.

About TechPrecision

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.