TechPrecision Co. (NASDAQ:TPCS) Short Interest Up 24.1% in March

TechPrecision Co. (NASDAQ:TPCS) was the target of a significant growth in short interest in 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. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is currently 0.5 days.

TechPrecision Stock Up 0.2 %

NASDAQ:TPCS opened at $2.30 on Tuesday. The business’s 50-day moving average price is $2.87 and its 200 day moving average price is $3.24. TechPrecision has a 52-week low of $2.12 and a 52-week high of $5.95. The firm has a market cap of $22.18 million, a P/E ratio of -2.52 and a beta of 0.18.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TPCS. Northern Trust Corp boosted its stake in shares of TechPrecision by 65.4% during the 4th quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 12,366 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of TechPrecision during the fourth quarter valued at $56,000. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 last quarter. Institutional investors own 15.52% of the company’s stock.

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.