Techprecision Corp. (NASDAQ:TPCS) Stock Short Interest Report for October

Techprecision Corp. (NASDAQ:TPCS) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 9,196 shares, a decline of 41.2% from the September 30th total of 15,634 shares. Based on an average trading volume of 26,097 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Techprecision stock. Diversify Wealth Management LLC purchased a new position in Techprecision Corp. (NASDAQ:TPCS) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,288 shares of the industrial products company’s stock, valued at approximately $106,000. Diversify Wealth Management LLC owned about 0.35% of Techprecision as of its most recent filing with the Securities and Exchange Commission (SEC). 15.52% of the stock is currently owned by hedge funds and other institutional investors.

Techprecision Price Performance

Shares of TPCS stock traded up $0.11 during trading hours on Tuesday, hitting $5.41. The stock had a trading volume of 8,679 shares, compared to its average volume of 41,952. The stock has a market capitalization of $54.77 million, a price-to-earnings ratio of -41.64 and a beta of 0.56. Techprecision has a one year low of $2.88 and a one year high of $6.31. The stock’s 50-day moving average price is $5.47 and its two-hundred day moving average price is $4.52.

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Techprecision from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Techprecision Company Profile

TechPrecision, Inc (NASDAQ:TPCS) is a precision manufacturing company that produces complex metal components, assemblies and systems for customers in highly engineered industries. Its capabilities include precision machining, metal fabrication, welding, forming and the production of large, intricate structures made to customer specifications.

The company serves markets that require specialized manufacturing and stringent quality standards, including defense, energy, aerospace, medical and other precision industrial applications.