TechPrecision Co. (NASDAQ:TPCS) Sees Significant Drop in Short Interest

TechPrecision Co. (NASDAQ:TPCS) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 2,100 shares, a decline of 54.3% from the September 30th total of 4,600 shares. Based on an average daily volume of 22,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

TechPrecision Price Performance

TPCS stock traded down $0.02 during midday trading on Friday, reaching $3.78. The company had a trading volume of 14,306 shares, compared to its average volume of 22,440. TechPrecision has a 1-year low of $2.85 and a 1-year high of $7.30. The company has a market capitalization of $33.18 million, a price-to-earnings ratio of -11.12 and a beta of 0.22. The stock has a 50 day moving average price of $3.43 and a 200-day moving average price of $3.78.

TechPrecision (NASDAQ:TPCS) last announced its quarterly earnings data on Friday, September 13th. The industrial products company reported ($0.59) earnings per share for the quarter. The business had revenue of $8.60 million for the quarter. TechPrecision had a negative return on equity of 58.41% and a negative net margin of 22.29%.

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.