Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Sees Significant Increase in Short Interest

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,900 shares, an increase of 850.0% from the August 15th total of 200 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is presently 0.5 days.

Tel-Instrument Electronics Trading Up 2.0 %

Shares of TIKK stock opened at $2.60 on Friday. The firm’s 50 day moving average is $2.34 and its 200-day moving average is $2.07. Tel-Instrument Electronics has a 1 year low of $1.60 and a 1 year high of $2.98.

Tel-Instrument Electronics (OTCMKTS:TIKK) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $2.84 million during the quarter. Tel-Instrument Electronics had a return on equity of 17.90% and a net margin of 1.01%.

About Tel-Instrument Electronics

Tel-Instrument Electronics Corp. designs, manufactures, and sells 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 in two segments, Avionics Government and Avionics Commercial.