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

TechPrecision Co. (NASDAQ:TPCS) was the recipient of 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 20,200 shares, the days-to-cover ratio is currently 0.2 days.

TechPrecision Price Performance

NASDAQ:TPCS traded up $0.03 on Friday, reaching $3.68. The stock had a trading volume of 63,775 shares, compared to its average volume of 22,636. TechPrecision has a 12-month low of $2.85 and a 12-month high of $6.53. The company has a market cap of $35.43 million, a price-to-earnings ratio of -4.01 and a beta of 0.21. The firm’s fifty day moving average is $3.40 and its two-hundred day moving average is $3.51.

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

Institutional Investors Weigh In On TechPrecision

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC increased its holdings in shares of TechPrecision Co. (NASDAQ:TPCS) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,956 shares of the industrial products company’s stock after buying an additional 7,516 shares during the quarter. Geode Capital Management LLC owned about 0.85% of TechPrecision worth $257,000 as of its most recent filing with the Securities and Exchange Commission. 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.