Short Interest in TechPrecision Co. (NASDAQ:TPCS) Declines By 36.1%

TechPrecision Co. (NASDAQ:TPCS) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 2,300 shares, a drop of 36.1% from the August 31st total of 3,600 shares. Based on an average daily volume of 21,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

TechPrecision Stock Up 0.6 %

Shares of NASDAQ TPCS traded up $0.02 during midday trading on Friday, reaching $3.13. The company’s stock had a trading volume of 10,116 shares, compared to its average volume of 22,276. TechPrecision has a one year low of $2.85 and a one year high of $7.33. The company has a 50 day moving average price of $3.50 and a 200 day moving average price of $3.83.

TechPrecision (NASDAQ:TPCS) last posted its quarterly earnings results on Friday, September 13th. The industrial products company reported ($0.59) earnings per share (EPS) for the quarter. The company had revenue of $8.60 million during the quarter. TechPrecision had a negative net margin of 22.29% and a negative return on equity of 58.41%.

About TechPrecision

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.