Short Interest in TechPrecision Co. (NASDAQ:TPCS) Decreases By 84.2%

TechPrecision Co. (NASDAQ:TPCS) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,800 shares, a decrease of 84.2% from the February 29th total of 11,400 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wynnefield Capital Inc. raised its position in shares of TechPrecision by 2.5% during the 4th quarter. Wynnefield Capital Inc. now owns 403,857 shares of the industrial products company’s stock valued at $2,092,000 after buying an additional 10,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of TechPrecision by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 132,045 shares of the industrial products company’s stock valued at $684,000 after purchasing an additional 4,000 shares in the last quarter. Potomac Capital Management Inc. bought a new position in shares of TechPrecision during the second quarter valued at approximately $775,000. Perritt Capital Management Inc. bought a new position in shares of TechPrecision during the second quarter valued at approximately $755,000. Finally, State Street Corp acquired a new stake in TechPrecision in the second quarter valued at approximately $351,000. Institutional investors own 15.52% of the company’s stock.

TechPrecision Stock Up 8.9 %

Shares of TechPrecision stock opened at $3.67 on Thursday. The company has a fifty day moving average of $3.86 and a 200 day moving average of $5.51. TechPrecision has a fifty-two week low of $2.85 and a fifty-two week high of $8.33.

TechPrecision (NASDAQ:TPCS) last issued its earnings results on Thursday, February 29th. The industrial products company reported ($0.10) earnings per share for the quarter. TechPrecision had a negative return on equity of 21.25% and a negative net margin of 9.59%. The firm had revenue of $7.65 million during the quarter.

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.