Techprecision Corp. (NASDAQ:TPCS) Short Interest Update

Techprecision Corp. (NASDAQ:TPCS) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 84,228 shares, a growth of 1,084.0% from the June 15th total of 7,114 shares. Based on an average trading volume of 102,584 shares, the short-interest ratio is presently 0.8 days. Currently, 1.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, Techprecision currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ARS Investment Partners LLC boosted its holdings in Techprecision by 0.7% during the fourth quarter. ARS Investment Partners LLC now owns 314,908 shares of the industrial products company’s stock valued at $1,521,000 after purchasing an additional 2,300 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of Techprecision by 11.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 27,924 shares of the industrial products company’s stock worth $149,000 after buying an additional 2,782 shares during the period. Geode Capital Management LLC lifted its position in shares of Techprecision by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 96,055 shares of the industrial products company’s stock worth $464,000 after buying an additional 3,448 shares during the period. Dimensional Fund Advisors LP boosted its stake in Techprecision by 29.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock valued at $86,000 after buying an additional 4,071 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in Techprecision by 29.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,940 shares of the industrial products company’s stock valued at $106,000 after buying an additional 4,566 shares in the last quarter. Institutional investors own 15.52% of the company’s stock.

Techprecision Stock Down 2.2%

Techprecision stock traded down $0.11 on Friday, hitting $4.80. The company’s stock had a trading volume of 21,205 shares, compared to its average volume of 68,041. The firm has a market cap of $48.10 million, a P/E ratio of -28.23 and a beta of 0.41. The company has a fifty day moving average price of $4.10 and a 200-day moving average price of $4.13. Techprecision has a one year low of $2.88 and a one year high of $6.25.

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

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.