TechPrecision Co. (NASDAQ:TPCS) Short Interest Update

TechPrecision Co. (NASDAQ:TPCS) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 8,500 shares, a decrease of 14.1% from the December 31st total of 9,900 shares. Based on an average daily trading volume, of 27,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

TechPrecision Stock Down 0.6 %

Shares of NASDAQ TPCS traded down $0.02 during mid-day trading on Friday, reaching $3.13. 12,551 shares of the company were exchanged, compared to its average volume of 25,718. The stock has a market capitalization of $30.24 million, a P/E ratio of -3.44 and a beta of 0.19. The company’s 50-day simple moving average is $3.48 and its 200-day simple moving average is $3.47. TechPrecision has a twelve month low of $2.85 and a twelve month high of $5.95.

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

Institutional Trading of TechPrecision

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC grew its holdings in TechPrecision Co. (NASDAQ:TPCS) by 10.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,956 shares of the industrial products company’s stock after acquiring an additional 7,516 shares during the quarter. Geode Capital Management LLC owned 0.85% of TechPrecision worth $257,000 as of its most recent SEC filing. Institutional investors own 15.52% of the company’s stock.

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.