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

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

Techprecision Price Performance

Shares of TPCS stock traded down $0.18 on Friday, hitting $5.35. 29,507 shares of the stock traded hands, compared to its average volume of 26,871. Techprecision has a 1-year low of $2.88 and a 1-year high of $6.31. The company’s fifty day moving average is $5.48 and its 200 day moving average is $4.52. The company has a market capitalization of $54.20 million, a PE ratio of -41.15 and a beta of 0.56.

Techprecision (NASDAQ:TPCS) last released its earnings results on Thursday, August 13th. The industrial products company reported ($0.02) earnings per share for the quarter. The business 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%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Techprecision

An institutional investor recently bought a new stake in Techprecision stock. Diversify Wealth Management LLC bought a new position in Techprecision Corp. (NASDAQ:TPCS) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 35,288 shares of the industrial products company’s stock, valued at approximately $106,000. Diversify Wealth Management LLC owned approximately 0.35% of Techprecision as of its most recent SEC filing. Hedge funds and other institutional investors own 15.52% of the company’s stock.

About Techprecision

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.