Short Interest in TechPrecision Co. (NASDAQ:TPCS) Expands By 70.7%

TechPrecision Co. (NASDAQ:TPCS) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 9,900 shares, an increase of 70.7% from the November 30th total of 5,800 shares. Based on an average daily volume of 25,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC raised its holdings in shares of TechPrecision Co. (NASDAQ:TPCS) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission. 15.52% of the stock is currently owned by institutional investors and hedge funds.

TechPrecision Trading Up 5.1 %

Shares of NASDAQ:TPCS traded up $0.19 during mid-day trading on Friday, reaching $3.89. The stock had a trading volume of 30,046 shares, compared to its average volume of 23,226. The company has a market cap of $37.41 million, a P/E ratio of -4.27 and a beta of 0.19. The business’s 50 day moving average price is $3.56 and its 200 day moving average price is $3.51. TechPrecision has a 1 year low of $2.85 and a 1 year high of $5.95.

TechPrecision Company Profile

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.