Short Interest in Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Grows By 850.0%

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,900 shares, a growth of 850.0% from the August 15th total of 200 shares. Based on an average trading volume of 4,200 shares, the short-interest ratio is currently 0.5 days.

Tel-Instrument Electronics Trading Up 6.3 %

TIKK traded up $0.15 during trading on Friday, hitting $2.55. 2,453 shares of the stock were exchanged, compared to its average volume of 5,874. The stock has a fifty day moving average price of $2.33 and a two-hundred day moving average price of $2.06. Tel-Instrument Electronics has a 1-year low of $1.60 and a 1-year high of $2.98.

Tel-Instrument Electronics (OTCMKTS:TIKK) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter. Tel-Instrument Electronics had a return on equity of 17.90% and a net margin of 1.01%. The firm had revenue of $2.84 million for the quarter.

About Tel-Instrument Electronics

Tel-Instrument Electronics Corp. designs, manufactures, and sells 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 in two segments, Avionics Government and Avionics Commercial.