Short Interest in Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Grows By 133.3%

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 700 shares, an increase of 133.3% from the September 15th total of 300 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.1 days.

Tel-Instrument Electronics stock traded up $0.12 during mid-day trading on Thursday, hitting $3.25. The company’s stock had a trading volume of 6,700 shares, compared to its average volume of 5,248. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $10.58 million, a P/E ratio of 15.48 and a beta of 0.40. Tel-Instrument Electronics has a twelve month low of $2.76 and a twelve month high of $5.95. The stock’s fifty day moving average price is $3.10 and its two-hundred day moving average price is $3.26.

Tel-Instrument Electronics (OTCMKTS:TIKK) last posted its quarterly earnings data on Thursday, August 12th. The company reported $0.11 earnings per share for the quarter. Tel-Instrument Electronics had a net margin of 8.34% and a return on equity of 194.70%. The firm had revenue of $4.13 million for the quarter.

Tel-Instrument Electronics Company Profile

Tel-Instrument Electronics Corp. engages in the designs, manufactures, and sells avionics test and measurement instruments for the commercial air transport, general aviation, and government/military aerospace and defense markets in the United States and internationally. The firm operates in two segments, Avionics Government and Avionics Commercial.

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