Tectonic Financial, Inc. (NASDAQ:TECTP) Sees Significant Growth in Short Interest

Tectonic Financial, Inc. (NASDAQ:TECTP) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 6,200 shares, a growth of 26.5% from the June 30th total of 4,900 shares. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is currently 2.6 days.

Tectonic Financial Stock Up 0.3 %

Shares of NASDAQ:TECTP opened at $10.40 on Friday. Tectonic Financial has a fifty-two week low of $9.80 and a fifty-two week high of $11.68. The firm’s 50-day simple moving average is $10.31 and its 200-day simple moving average is $10.24.

Tectonic Financial Company Profile

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.