Short Interest in Techprecision Corp. (NASDAQ:TPCS) Rises By 62.1%

Key Points

• Short interest rose 62.1% to 27,555 shares as of August 14, representing approximately 0.3% of outstanding shares and a 0.3-day days-to-cover ratio.
• Techprecision received a “Sell” rating from Weiss Ratings, while its latest quarter showed a loss of $0.02 per share, $9.1 million in revenue, and negative net margin and return on equity.
• The stock fell 1.1% to $5.62, though it remained above its 50-day and 200-day moving averages; institutional investors owned 15.52% of the company.

Techprecision Corp. (NASDAQ:TPCS - Get Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 27,555 shares, a growth of 62.1% from the July 30th total of 16,996 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 84,062 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Techprecision from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Techprecision has an average rating of "Sell".

Techprecision Stock Down 1.1%

NASDAQ:TPCS traded down $0.06 during midday trading on Monday, hitting $5.62. The company had a trading volume of 3,308 shares, compared to its average volume of 46,780. The stock's fifty day moving average price is $4.91 and its 200-day moving average price is $4.17. Techprecision has a 52-week low of $2.88 and a 52-week high of $6.31. The company has a market capitalization of $56.76 million, a PE ratio of -43.23 and a beta of 0.41.

Techprecision (NASDAQ:TPCS - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The industrial products company reported ($0.02) earnings per share for the quarter. Techprecision had a negative net margin of 3.66% and a negative return on equity of 15.07%. The firm had revenue of $9.10 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TPCS. NewEdge Advisors LLC increased its position in shares of Techprecision by 55.2% in the first quarter. NewEdge Advisors LLC now owns 23,658 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 8,412 shares during the period. Jane Street Group LLC bought a new position in Techprecision in the 4th quarter worth $64,000. JPMorgan Chase & Co. purchased a new stake in shares of Techprecision in the 3rd quarter worth about $73,000. Dimensional Fund Advisors LP boosted its stake in shares of Techprecision by 29.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company's stock valued at $86,000 after purchasing an additional 4,071 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of Techprecision during the second quarter valued at about $94,000. Institutional investors own 15.52% of the company's stock.

Techprecision Company Profile

TechPrecision, Inc NASDAQ: TPCS specializes in the design, engineering and manufacture of high-precision automated machinery and turnkey production solutions. The company's core offerings include assembly, test and inspection equipment, servo-electric press systems and custom packaging machines tailored for industries with stringent quality and regulatory requirements. TechPrecision's products support medical device, pharmaceutical, consumer goods and industrial applications, delivering end-to-end services from concept development and prototyping to full-scale production and after-market support.

Founded in 1987 and headquartered in Fredericksburg, Virginia, TechPrecision operates two primary manufacturing facilities: its U.S.

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