Techprecision Corp. (NASDAQ:TPCS) Short Interest Update

Techprecision Corp. (NASDAQ:TPCS) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 84,228 shares, a growth of 1,084.0% from the June 15th total of 7,114 shares. Based on an average daily trading volume, of 102,584 shares, the short-interest ratio is presently 0.8 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Diversify Wealth Management LLC purchased a new stake in Techprecision during the first quarter valued at about $106,000. NewEdge Advisors LLC boosted its holdings in shares of Techprecision by 112.6% in the 4th quarter. NewEdge Advisors LLC now owns 53,327 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 28,242 shares in the last quarter. Rothschild Wealth LLC bought a new position in shares of Techprecision during the 4th quarter valued at about $559,000. Jane Street Group LLC bought a new position in shares of Techprecision during the 4th quarter valued at about $64,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Techprecision by 29.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock valued at $86,000 after buying an additional 4,071 shares in the last quarter. Institutional investors own 15.52% of the company’s stock.

Techprecision Stock Performance

TPCS traded down $0.11 on Friday, reaching $4.80. The company had a trading volume of 21,205 shares, compared to its average volume of 68,041. Techprecision has a 52-week low of $2.88 and a 52-week high of $6.25. The company has a market cap of $48.10 million, a price-to-earnings ratio of -28.23 and a beta of 0.41. The business has a 50 day simple moving average of $4.10 and a 200 day simple moving average of $4.13.

Techprecision (NASDAQ:TPCS) last released its quarterly earnings results on Monday, June 22nd. The industrial products company reported ($0.04) EPS for the quarter. The company had revenue of $8.09 million during the quarter. Techprecision had a negative return on equity of 20.19% and a negative net margin of 5.26%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Techprecision in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Techprecision

TechPrecision, Inc (NASDAQ:TPCS) specializes in the design, engineering and manufacture of high-precision automated machinery and turnkey production solutions. The company’s core offerings include assembly, test and inspection equipment, servo-electric press systems and custom packaging machines tailored for industries with stringent quality and regulatory requirements. TechPrecision’s products support medical device, pharmaceutical, consumer goods and industrial applications, delivering end-to-end services from concept development and prototyping to full-scale production and after-market support.

Founded in 1987 and headquartered in Fredericksburg, Virginia, TechPrecision operates two primary manufacturing facilities: its U.S.