TechPrecision Co. (NASDAQ:TPCS) Short Interest Down 14.1% in December

TechPrecision Co. (NASDAQ:TPCS) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 8,500 shares, a drop of 14.1% from the December 15th total of 9,900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 27,100 shares, the short-interest ratio is presently 0.3 days.

TechPrecision Stock Performance

Shares of TPCS remained flat at $3.13 during trading hours on Thursday. 2,054 shares of the company were exchanged, compared to its average volume of 25,135. TechPrecision has a 1-year low of $2.85 and a 1-year high of $5.95. The company has a market cap of $30.11 million, a P/E ratio of -3.44 and a beta of 0.19. The company’s 50 day moving average is $3.48 and its 200-day moving average is $3.49.

Institutional Trading of TechPrecision

A hedge fund recently raised its stake in TechPrecision stock. Geode Capital Management LLC raised its holdings in TechPrecision Co. (NASDAQ:TPCS) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,956 shares of the industrial products company’s stock after buying an additional 7,516 shares during the period. Geode Capital Management LLC owned 0.85% of TechPrecision worth $257,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.52% of the company’s stock.

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.