TechPrecision Co. (NASDAQ:TPCS) Short Interest Up 71.4% in November

TechPrecision Co. (NASDAQ:TPCS) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,600 shares, an increase of 71.4% from the October 31st total of 2,100 shares. Based on an average daily trading volume, of 20,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On TechPrecision

A hedge fund recently raised its stake in TechPrecision stock. Geode Capital Management LLC boosted its holdings in TechPrecision Co. (NASDAQ:TPCS) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 about 0.85% of TechPrecision worth $257,000 as of its most recent filing with the SEC. Institutional investors own 15.52% of the company’s stock.

TechPrecision Stock Performance

NASDAQ TPCS traded up $0.03 on Friday, reaching $3.68. The stock had a trading volume of 63,775 shares, compared to its average volume of 22,636. TechPrecision has a 12-month low of $2.85 and a 12-month high of $6.53. The business’s 50-day moving average price is $3.40 and its 200 day moving average price is $3.51. The stock has a market cap of $35.43 million, a P/E ratio of -4.01 and a beta of 0.21.

TechPrecision (NASDAQ:TPCS) last released its quarterly earnings results on Friday, September 13th. The industrial products company reported ($0.59) EPS for the quarter. TechPrecision had a negative return on equity of 75.87% and a negative net margin of 24.76%. The company had revenue of $8.60 million for the quarter.

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.