Techprecision Corp. (NASDAQ:TPCS) Short Interest Update

Techprecision Corp. (NASDAQ:TPCS) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 27,555 shares, an increase of 62.1% from the July 30th total of 16,996 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 84,062 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Techprecision

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in shares of Techprecision by 55.2% during the first quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 8,412 shares during the period. Jane Street Group LLC purchased a new position in Techprecision in the fourth quarter valued at approximately $64,000. JPMorgan Chase & Co. purchased a new stake in shares of Techprecision during the third quarter valued at approximately $73,000. Dimensional Fund Advisors LP raised its holdings in Techprecision by 29.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 4,071 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of Techprecision in the 2nd quarter worth about $94,000. Institutional investors and hedge funds own 15.52% of the company’s stock.

Techprecision Stock Performance

NASDAQ TPCS traded up $0.01 during trading hours on Tuesday, reaching $5.54. The stock had a trading volume of 1,289 shares, compared to its average volume of 46,561. The stock has a fifty day moving average of $4.95 and a 200 day moving average of $4.18. Techprecision has a 52-week low of $2.88 and a 52-week high of $6.31. The stock has a market cap of $55.95 million, a P/E ratio of -42.61 and a beta of 0.41.

Techprecision (NASDAQ:TPCS) last released its quarterly earnings results on Thursday, August 13th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $9.10 million during the quarter. Techprecision had a negative net margin of 3.66% and a negative return on equity of 15.07%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Techprecision from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Techprecision Company Profile

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.