Short Interest in Techprecision Corp. (NASDAQ:TPCS) Decreases By 35.0%

Techprecision Corp. (NASDAQ:TPCS) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 10,131 shares, a decline of 35.0% from the April 15th total of 15,577 shares. Based on an average trading volume of 56,956 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Techprecision in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Techprecision currently has a consensus rating of “Sell”.

Techprecision Price Performance

Shares of TPCS traded down $0.04 during mid-day trading on Monday, reaching $3.96. 11,069 shares of the company’s stock traded hands, compared to its average volume of 44,866. The stock’s 50-day moving average is $3.65 and its two-hundred day moving average is $4.24. The stock has a market cap of $39.64 million, a P/E ratio of -33.00 and a beta of 0.49. Techprecision has a 12 month low of $2.88 and a 12 month high of $6.25.

Techprecision (NASDAQ:TPCS) last posted its earnings results on Tuesday, February 17th. The industrial products company reported ($0.15) EPS for the quarter. The business had revenue of $7.09 million for the quarter. Techprecision had a negative net margin of 3.43% and a negative return on equity of 13.31%.

Institutional Investors Weigh In On Techprecision

A number of institutional investors have recently modified their holdings of the business. ARS Investment Partners LLC increased its stake in Techprecision by 0.7% in the 4th quarter. ARS Investment Partners LLC now owns 314,908 shares of the industrial products company’s stock worth $1,521,000 after purchasing an additional 2,300 shares in the last quarter. Diversify Advisory Services LLC lifted its position in Techprecision by 11.1% in the 3rd quarter. Diversify Advisory Services LLC now owns 27,924 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 2,782 shares in the last quarter. Geode Capital Management LLC increased its holdings in Techprecision by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 96,055 shares of the industrial products company’s stock worth $464,000 after buying an additional 3,448 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Techprecision by 29.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 4,071 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in Techprecision by 29.7% in the third quarter. Citadel Advisors LLC now owns 19,940 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 4,566 shares during the last quarter. Institutional investors own 15.52% of the company’s stock.

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.