TechPrecision Co. (NASDAQ:TPCS) Short Interest Update

Posted by Jared Coughlin on Jan 31st, 2025

TechPrecision Co. (NASDAQ:TPCS – Get Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 8,500 shares, a decline of 14.1% from the December 31st total of 9,900 shares. Based on an average trading volume of 27,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

TechPrecision Trading Down 0.6 %

TPCS traded down $0.02 on Friday, hitting $3.13. 12,551 shares of the stock traded hands, compared to its average volume of 25,718. TechPrecision has a 52 week low of $2.85 and a 52 week high of $5.95. The firm has a market capitalization of $30.24 million, a PE ratio of -3.44 and a beta of 0.19. The business has a fifty day moving average price of $3.48 and a two-hundred day moving average price of $3.47.

TechPrecision (NASDAQ:TPCS – Get Free Report) last issued its quarterly earnings results 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 Investors Weigh In On TechPrecision

An institutional investor recently raised its position in TechPrecision stock. Geode Capital Management LLC raised its stake in shares of TechPrecision Co. (NASDAQ:TPCS – Free Report) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 and Exchange Commission. 15.52% of the stock is owned by institutional investors and hedge funds.

TechPrecision Company Profile

(Get Free Report)

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.