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

Posted by Latisha Jones on Dec 13th, 2024

TechPrecision Co. (NASDAQ:TPCS – Get Free Report) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 5,800 shares, an increase of 61.1% from the November 15th total of 3,600 shares. Based on an average daily volume of 22,400 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

TechPrecision Stock Up 0.3 %

NASDAQ:TPCS traded up $0.01 during trading hours on Friday, reaching $3.56. 19,601 shares of the company’s stock were exchanged, compared to its average volume of 22,611. The company has a market capitalization of $34.25 million, a P/E ratio of -3.91 and a beta of 0.19. TechPrecision has a 12 month low of $2.85 and a 12 month high of $5.95. The business’s 50-day simple moving average is $3.52 and its two-hundred day simple moving average is $3.50.

TechPrecision (NASDAQ:TPCS – Get Free Report) last released its quarterly 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 24.76% and a negative return on equity of 75.87%. The company had revenue of $8.60 million during the quarter.

Institutional Investors Weigh In On TechPrecision

A hedge fund recently raised its stake in TechPrecision stock. Geode Capital Management LLC raised its stake in shares of TechPrecision Co. (NASDAQ:TPCS – Free Report) by 10.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.85% of TechPrecision worth $257,000 at the end of the most recent quarter. 15.52% of the stock is currently owned by institutional investors and hedge funds.

About TechPrecision

(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.