Techprecision Corp. (NASDAQ:TPCS) Short Interest Update

Techprecision Corp. (NASDAQ:TPCS) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,501 shares, a drop of 82.8% from the June 30th total of 84,228 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 39,415 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Techprecision in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Techprecision presently has an average rating of “Sell”.

Techprecision Stock Performance

Shares of NASDAQ:TPCS remained flat at $4.56 during mid-day trading on Friday. The company had a trading volume of 59,874 shares, compared to its average volume of 61,135. The stock has a market cap of $45.69 million, a PE ratio of -26.82 and a beta of 0.41. Techprecision has a one year low of $2.88 and a one year high of $6.25. The firm’s 50-day moving average price is $4.21 and its 200-day moving average price is $4.12.

Techprecision (NASDAQ:TPCS) last announced its quarterly earnings results on Monday, June 22nd. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $8.09 million for the quarter. Techprecision had a negative return on equity of 20.19% and a negative net margin of 5.26%.

Institutional Trading of Techprecision

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Techprecision in the fourth quarter valued at about $64,000. JPMorgan Chase & Co. purchased a new position in Techprecision during the third quarter worth about $73,000. Dimensional Fund Advisors LP boosted its holdings in Techprecision by 29.6% during the fourth 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. Citadel Advisors LLC grew its position in Techprecision by 29.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,940 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 4,566 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in Techprecision by 699,900.0% in the 4th quarter. North Star Investment Management Corp. now owns 21,000 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 20,997 shares in 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.