TechPrecision Co. (NASDAQ:TPCS) Short Interest Update

TechPrecision Co. (NASDAQ:TPCS) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 13,300 shares, a growth of 129.3% from the February 13th total of 5,800 shares. Based on an average daily trading volume, of 33,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

TechPrecision Trading Up 1.9 %

NASDAQ TPCS opened at $2.73 on Friday. The firm’s 50 day simple moving average is $3.07 and its 200 day simple moving average is $3.33. The firm has a market capitalization of $26.38 million, a price-to-earnings ratio of -3.00 and a beta of 0.18. TechPrecision has a 1 year low of $2.16 and a 1 year high of $5.95.

TechPrecision (NASDAQ:TPCS) last issued its earnings results on Tuesday, January 21st. The industrial products company reported ($0.06) earnings per share for the quarter. TechPrecision had a negative net margin of 24.25% and a negative return on equity of 86.04%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TPCS. Geode Capital Management LLC lifted its holdings in shares of TechPrecision by 10.1% in the third quarter. Geode Capital Management LLC now owns 81,956 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 7,516 shares during the last quarter. NewEdge Advisors LLC acquired a new position in TechPrecision during the 4th quarter worth approximately $56,000. Finally, Northern Trust Corp lifted its stake in TechPrecision by 65.4% in the 4th quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 12,366 shares during the last quarter. Institutional investors own 15.52% of the company’s stock.

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.