TechPrecision Co. (NASDAQ:TPCS) Short Interest Update

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

Hedge Funds Weigh In On TechPrecision

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC increased its holdings in shares of TechPrecision Co. (NASDAQ:TPCS) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,956 shares of the industrial products company’s stock after acquiring an additional 7,516 shares during the period. Geode Capital Management LLC owned approximately 0.85% of TechPrecision worth $257,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.52% of the company’s stock.

TechPrecision Stock Performance

TechPrecision stock traded up $0.19 during trading hours on Friday, reaching $3.89. 30,046 shares of the stock were exchanged, compared to its average volume of 23,226. The stock has a market cap of $37.41 million, a P/E ratio of -4.27 and a beta of 0.19. The firm’s 50 day moving average is $3.56 and its 200 day moving average is $3.51. TechPrecision has a 52-week low of $2.85 and a 52-week 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.