Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Short Interest Down 50.0% in March

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 600 shares, a decrease of 50.0% from the February 28th total of 1,200 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Tel-Instrument Electronics Stock Performance

Shares of TIKK opened at $2.75 on Friday. Tel-Instrument Electronics has a one year low of $1.60 and a one year high of $3.37. The stock has a 50-day moving average price of $2.97 and a 200 day moving average price of $2.87. The company has a market capitalization of $8.95 million, a P/E ratio of -7.05 and a beta of 0.61.

Tel-Instrument Electronics (OTCMKTS:TIKK) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.17) EPS for the quarter. The firm had revenue of $2.97 million during the quarter. Tel-Instrument Electronics had a negative return on equity of 105.05% and a negative net margin of 9.22%.

About Tel-Instrument Electronics

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.