TechPrecision Co. (NASDAQ:TPCS – Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,500 shares, a decrease of 14.1% from the December 15th total of 9,900 shares. Based on an average trading volume of 27,100 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Trading of TechPrecision
A hedge fund recently raised its stake in TechPrecision stock. Geode Capital Management LLC raised its stake in TechPrecision Co. (NASDAQ:TPCS – Free Report) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period. 15.52% of the stock is currently owned by institutional investors.
TechPrecision Stock Performance
TechPrecision stock remained flat at $3.13 during mid-day trading on Thursday. The company’s stock had a trading volume of 2,054 shares, compared to its average volume of 25,135. The company has a fifty day moving average of $3.48 and a 200 day moving average of $3.49. TechPrecision has a fifty-two week low of $2.85 and a fifty-two week high of $5.95. The stock has a market capitalization of $30.11 million, a PE ratio of -3.44 and a beta of 0.19.
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.
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