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

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

TechPrecision Stock Performance

TPCS opened at $3.65 on Thursday. The company has a 50-day moving average of $3.38 and a 200-day moving average of $3.51. The company has a market capitalization of $35.11 million, a P/E ratio of -4.04 and a beta of 0.21. TechPrecision has a 1-year low of $2.85 and a 1-year high of $6.81.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TechPrecision stock. Geode Capital Management LLC increased its holdings in TechPrecision Co. (NASDAQ:TPCS) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 81,956 shares of the industrial products company’s stock after buying an additional 7,516 shares during the period. Geode Capital Management LLC owned about 0.85% of TechPrecision worth $257,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.52% of the company’s stock.

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.