TechPrecision Co. (NASDAQ:TPCS) Short Interest Down 54.3% in October

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

TechPrecision Stock Down 0.5 %

TPCS traded down $0.02 during trading on Friday, reaching $3.78. The company had a trading volume of 14,306 shares, compared to its average volume of 22,440. The stock has a market cap of $33.18 million, a P/E ratio of -11.12 and a beta of 0.22. The business has a 50 day simple moving average of $3.43 and a 200-day simple moving average of $3.78. TechPrecision has a 52 week low of $2.85 and a 52 week high of $7.30.

TechPrecision (NASDAQ:TPCS) last released its earnings results on Friday, September 13th. The industrial products company reported ($0.59) EPS for the quarter. The company 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.