Techprecision Corp. (NASDAQ:TPCS) Short Interest Update

Techprecision Corp. (NASDAQ:TPCS) saw a large growth in short interest in 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 daily volume of 102,584 shares, the short-interest ratio is presently 0.8 days. Currently, 1.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Techprecision Stock Performance

Shares of NASDAQ TPCS traded down $0.11 during mid-day trading on Friday, hitting $4.80. 21,205 shares of the stock were exchanged, compared to its average volume of 68,041. Techprecision has a twelve month low of $2.88 and a twelve month high of $6.25. The stock’s fifty day simple moving average is $4.10 and its two-hundred day simple moving average is $4.13. The company has a market cap of $48.10 million, a P/E ratio of -28.23 and a beta of 0.41.

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

Hedge Funds Weigh In On Techprecision

Institutional investors and hedge funds have recently bought and sold shares of the business. Diversify Wealth Management LLC bought a new stake in shares of Techprecision during the first quarter worth $106,000. NewEdge Advisors LLC raised its holdings 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 valued at $258,000 after buying an additional 28,242 shares during the last quarter. Rothschild Wealth LLC bought a new position in shares of Techprecision in the fourth quarter valued at about $559,000. Jane Street Group LLC acquired a new position in Techprecision during the 4th quarter worth about $64,000. Finally, Dimensional Fund Advisors LP lifted its position in Techprecision by 29.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,831 shares of the industrial products company’s stock worth $86,000 after buying an additional 4,071 shares in the last quarter. Institutional investors and hedge funds 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.