Techprecision Corp. (NASDAQ:TPCS) Sees Significant Increase in Short Interest

Techprecision Corp. (NASDAQ:TPCS) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 27,555 shares, an increase of 62.1% from the July 30th total of 16,996 shares. Based on an average trading volume of 84,062 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

Techprecision Stock Down 2.4%

TPCS stock opened at $5.40 on Wednesday. Techprecision has a 52-week low of $2.88 and a 52-week high of $6.31. The business has a fifty day moving average of $4.98 and a two-hundred day moving average of $4.18. The stock has a market cap of $54.54 million, a price-to-earnings ratio of -41.54 and a beta of 0.41.

Techprecision (NASDAQ:TPCS) last posted its earnings results on Thursday, August 13th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $9.10 million for the quarter. Techprecision had a negative return on equity of 15.07% and a negative net margin of 3.66%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversify Wealth Management LLC acquired a new stake in Techprecision in the first quarter valued at $106,000. NewEdge Advisors LLC increased its holdings in shares of Techprecision by 112.6% in the 4th quarter. NewEdge Advisors LLC now owns 53,327 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 28,242 shares during the last quarter. Rothschild Wealth LLC purchased a new stake in Techprecision during the fourth quarter worth approximately $559,000. Jane Street Group LLC purchased a new stake in Techprecision during the fourth quarter worth approximately $64,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Techprecision by 29.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 4,071 shares in the last quarter. Institutional investors and hedge funds own 15.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Techprecision from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.