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 December. As of December 31st, there was short interest totalling 8,500 shares, a decrease of 14.1% from the December 15th total of 9,900 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is currently 0.3 days.

TechPrecision Stock Up 0.6 %

Shares of TechPrecision stock opened at $3.15 on Friday. The stock has a market capitalization of $30.30 million, a P/E ratio of -3.46 and a beta of 0.19. The stock has a 50 day moving average price of $3.48 and a two-hundred day moving average price of $3.49. TechPrecision has a 12-month low of $2.85 and a 12-month high of $5.95.

Institutional Investors Weigh In On 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 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission. 15.52% of the stock is owned by hedge funds and other institutional investors.

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.