Short Interest in Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Decreases By 22.2%

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 700 shares, a drop of 22.2% from the October 15th total of 900 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 0.4 days.

Tel-Instrument Electronics Price Performance

Shares of TIKK opened at $2.55 on Friday. The stock’s fifty day moving average is $2.73 and its 200-day moving average is $2.34. Tel-Instrument Electronics has a one year low of $1.60 and a one year high of $3.04.

Tel-Instrument Electronics (OTCMKTS:TIKK) last issued its earnings results on Wednesday, August 14th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $2.84 million during the quarter. Tel-Instrument Electronics had a negative net margin of 3.23% and a negative return on equity of 53.35%.

About Tel-Instrument Electronics

Tel-Instrument Electronics Corp. engages in designing, manufacturing, and sales of avionics test and measurement instruments for the commercial air transport, general aviation, and government/military aerospace and defense markets in the United States and internationally. It operates through two segments, Avionics Government and Avionics Commercial.