Techprecision Corp. (NASDAQ:TPCS) Short Interest Up 66.1% in July

Key Points

• Techprecision Corp. experienced a 66.1% increase in short interest for July, with a total of 9,300 shares shorted compared to 5,600 shares at the end of June.
• The company reported a quarterly EPS of $0.01 with revenues of $9.48 million, alongside negative return on equity of 44.18% and a net margin of 8.07%.
• A hedge fund, NewEdge Advisors LLC, has raised its stake in Techprecision by 55.2%, holding 23,658 shares as of the latest SEC disclosure.

Techprecision Corp. (NASDAQ:TPCS - Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 9,300 shares, agrowthof66.1% from the June 30th total of 5,600 shares. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is presently 0.2 days. Approximately0.1% of the company's stock are sold short. Approximately0.1% of the company's stock are sold short. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is presently 0.2 days.

Techprecision Price Performance

TPCS stock traded up $0.36 during midday trading on Friday, hitting $5.83. The company's stock had a trading volume of 92,549 shares, compared to its average volume of 93,342. Techprecision has a twelve month low of $2.05 and a twelve month high of $5.95. The company's fifty day moving average price is $3.85 and its 200 day moving average price is $3.22. The stock has a market capitalization of $57.02 million, a P/E ratio of -20.10 and a beta of 0.25.

Techprecision (NASDAQ:TPCS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.01 EPS for the quarter. The company had revenue of $9.48 million during the quarter. Techprecision had a negative net margin of 8.07% and a negative return on equity of 44.18%.

Institutional Investors Weigh In On Techprecision

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp raised its holdings in shares of Techprecision by 65.4% in the 4th quarter. Northern Trust Corp now owns 31,264 shares of the industrial products company's stock valued at $114,000 after purchasing an additional 12,366 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Techprecision in the 4th quarter valued at about $56,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Techprecision in the 2nd quarter valued at about $42,000. 15.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Techprecision to a "hold" rating in a research note on Saturday.

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.