TechPrecision Co. (NASDAQ:TPCS) Short Interest Down 40.8% in February

TechPrecision Co. (NASDAQ:TPCS) was the recipient of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 5,800 shares, a decline of 40.8% from the January 31st total of 9,800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is currently 0.2 days.

TechPrecision Stock Up 2.1 %

NASDAQ TPCS traded up $0.06 during trading on Friday, reaching $2.87. 45,729 shares of the stock traded hands, compared to its average volume of 33,549. The firm has a market cap of $27.73 million, a price-to-earnings ratio of -3.15 and a beta of 0.17. The stock’s 50-day moving average price is $3.23 and its 200 day moving average price is $3.39. TechPrecision has a fifty-two week low of $2.16 and a fifty-two week high of $5.95.

TechPrecision (NASDAQ:TPCS) last issued its quarterly earnings data on Tuesday, January 21st. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter. TechPrecision had a negative net margin of 24.25% and a negative return on equity of 86.04%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC bought a new position in TechPrecision in the fourth quarter valued at approximately $56,000. Northern Trust Corp lifted its stake in TechPrecision by 65.4% in the fourth quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company’s stock valued at $114,000 after buying an additional 12,366 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of TechPrecision by 10.1% in the third quarter. Geode Capital Management LLC now owns 81,956 shares of the industrial products company’s stock worth $257,000 after purchasing an additional 7,516 shares in the last quarter. Institutional investors 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.