TechPrecision Co. (NASDAQ:TPCS) Short Interest Update

by · The Cerbat Gem

TechPrecision Co. (NASDAQ:TPCS – Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,500 shares, a decrease of 14.1% from the December 15th total of 9,900 shares. Based on an average trading volume of 27,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

TechPrecision Trading Up 0.6 %

TPCS opened at $3.15 on Friday. TechPrecision has a 1-year low of $2.85 and a 1-year high of $5.95. The stock has a market capitalization of $30.30 million, a price-to-earnings ratio of -3.46 and a beta of 0.19. The business has a 50 day moving average of $3.48 and a 200-day moving average of $3.49.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC lifted its position in TechPrecision Co. (NASDAQ:TPCS – Free Report) by 10.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,956 shares of the industrial products company’s stock after purchasing an additional 7,516 shares during the quarter. Geode Capital Management LLC owned 0.85% of TechPrecision worth $257,000 at the end of the most recent reporting period. 15.52% of the stock is currently owned by institutional investors.

TechPrecision Company Profile

(Get Free Report)

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.

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