Techprecision Corp. (NASDAQ:TPCS) Sees Significant Drop in Short Interest

Techprecision Corp. (NASDAQ:TPCS) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 10,131 shares, a decline of 35.0% from the April 15th total of 15,577 shares. Based on an average trading volume of 56,956 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Techprecision

Institutional investors have recently bought and sold shares of the company. Diversify Wealth Management LLC acquired a new position in Techprecision during the 1st quarter worth approximately $106,000. NewEdge Advisors LLC lifted its position in shares of Techprecision by 112.6% in the fourth quarter. NewEdge Advisors LLC now owns 53,327 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 28,242 shares in the last quarter. Rothschild Wealth LLC bought a new stake in shares of Techprecision in the fourth quarter worth $559,000. Jane Street Group LLC acquired a new position in Techprecision during the fourth quarter worth $64,000. Finally, Dimensional Fund Advisors LP grew its position in Techprecision by 29.6% in the fourth 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. Institutional investors own 15.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Techprecision in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Techprecision Trading Up 0.8%

Shares of TPCS stock traded up $0.03 during trading hours on Tuesday, hitting $3.91. 6,239 shares of the company were exchanged, compared to its average volume of 44,517. Techprecision has a 52 week low of $2.88 and a 52 week high of $6.25. The business has a 50 day moving average of $3.65 and a two-hundred day moving average of $4.24. The company has a market capitalization of $39.14 million, a PE ratio of -32.58 and a beta of 0.49.

Techprecision (NASDAQ:TPCS) last posted its quarterly earnings data on Tuesday, February 17th. The industrial products company reported ($0.15) EPS for the quarter. The company had revenue of $7.09 million during the quarter. Techprecision had a negative net margin of 3.43% and a negative return on equity of 13.31%.

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.