Techprecision Corp. (NASDAQ:TPCS) Short Interest Update

Techprecision Corp. (NASDAQ:TPCS) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 14,501 shares, a decline of 82.8% from the June 30th total of 84,228 shares. Based on an average daily trading volume, of 39,415 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

Techprecision Stock Performance

NASDAQ:TPCS remained flat at $4.56 during trading hours on Friday. The company’s stock had a trading volume of 59,874 shares, compared to its average volume of 61,135. The stock has a 50-day moving average of $4.21 and a 200 day moving average of $4.12. Techprecision has a twelve month low of $2.88 and a twelve month high of $6.25. The firm has a market capitalization of $45.69 million, a PE ratio of -26.82 and a beta of 0.41.

Techprecision (NASDAQ:TPCS) last issued its earnings results on Monday, June 22nd. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter. Techprecision had a negative net margin of 5.26% and a negative return on equity of 20.19%. The firm had revenue of $8.09 million during the quarter.

Institutional Investors Weigh In On Techprecision

Large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in Techprecision by 55.2% in the 1st 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 during the fourth quarter worth about $64,000. JPMorgan Chase & Co. bought a new position in Techprecision during the third quarter worth about $73,000. Dimensional Fund Advisors LP increased its stake in shares of Techprecision by 29.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock worth $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 in the second quarter worth about $94,000. Hedge funds and other institutional investors own 15.52% of the company’s stock.

About Techprecision

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.