TechPrecision Co. (NASDAQ:TPCS – Get Free Report) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 9,900 shares, a growth of 70.7% from the November 30th total of 5,800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 25,000 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Trading of TechPrecision
An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC raised its position in shares of TechPrecision Co. (NASDAQ:TPCS – Free Report) by 10.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,956 shares of the industrial products company’s stock after acquiring an additional 7,516 shares during the period. Geode Capital Management LLC owned approximately 0.85% of TechPrecision worth $257,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 15.52% of the company’s stock.
TechPrecision Stock Performance
TPCS stock traded up $0.19 during midday trading on Friday, reaching $3.89. 30,046 shares of the company traded hands, compared to its average volume of 23,226. The firm has a market capitalization of $37.41 million, a price-to-earnings ratio of -4.27 and a beta of 0.19. TechPrecision has a 52-week low of $2.85 and a 52-week high of $5.95. The business has a 50 day moving average of $3.56 and a 200-day moving average of $3.51.
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.
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