Short Interest in Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Drops By 50.0%

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 600 shares, a drop of 50.0% from the February 28th total of 1,200 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 0.4 days.

Tel-Instrument Electronics Price Performance

OTCMKTS:TIKK traded down $0.09 during trading hours on Friday, hitting $2.65. The company’s stock had a trading volume of 100 shares, compared to its average volume of 2,832. Tel-Instrument Electronics has a twelve month low of $1.60 and a twelve month high of $3.37. The stock has a fifty day simple moving average of $2.97 and a 200-day simple moving average of $2.87. The company has a market capitalization of $8.63 million, a P/E ratio of -6.79 and a beta of 0.61.

Tel-Instrument Electronics (OTCMKTS:TIKK) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.17) earnings per share for the quarter. The company had revenue of $2.97 million during the quarter. Tel-Instrument Electronics had a negative net margin of 9.22% and a negative return on equity of 105.05%.

Tel-Instrument Electronics Company Profile

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.