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

by · The Cerbat Gem

TechPrecision Co. (NASDAQ:TPCS – Get Free Report) was the recipient of a large decline in short interest during the month of 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 trading volume, of 22,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

TechPrecision Stock Up 1.4 %

NASDAQ TPCS traded up $0.05 during trading hours on Monday, hitting $3.83. 6,142 shares of the company were exchanged, compared to its average volume of 22,361. TechPrecision has a 52 week low of $2.85 and a 52 week high of $7.30. The stock has a 50-day moving average price of $3.43 and a 200 day moving average price of $3.75. The stock has a market cap of $33.65 million, a PE ratio of -11.28 and a beta of 0.22.

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

TechPrecision Company Profile

(Get Free Report)

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.

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