TechPrecision Co. (NASDAQ:TPCS) Short Interest Update

TechPrecision Co. (NASDAQ:TPCS) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 16,500 shares, a growth of 24.1% from the February 28th total of 13,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 35,500 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On TechPrecision

Several institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new stake in shares of TechPrecision in the 4th quarter worth about $56,000. Northern Trust Corp raised its position in TechPrecision by 65.4% during the fourth quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 12,366 shares during the period. Finally, Geode Capital Management LLC raised its position in TechPrecision by 10.1% during the third quarter. Geode Capital Management LLC now owns 81,956 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 7,516 shares during the period. Hedge funds and other institutional investors own 15.52% of the company’s stock.

TechPrecision Stock Performance

Shares of NASDAQ:TPCS opened at $2.34 on Thursday. TechPrecision has a 52-week low of $2.12 and a 52-week high of $5.95. The stock has a market capitalization of $22.61 million, a price-to-earnings ratio of -2.57 and a beta of 0.18. The stock’s 50-day simple moving average is $2.83 and its two-hundred day simple moving average is $3.23.

TechPrecision (NASDAQ:TPCS) last posted its quarterly earnings data on Tuesday, January 21st. The industrial products company reported ($0.06) earnings per share for the quarter. TechPrecision had a negative net margin of 24.25% and a negative return on equity of 86.04%.

TechPrecision Company Profile

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.