Short Interest in Techprecision Corp. (NASDAQ:TPCS) Increases By 62.1%

Techprecision Corp. (NASDAQ:TPCS) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 27,555 shares, a growth of 62.1% from the July 30th total of 16,996 shares. Based on an average trading volume of 84,062 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Techprecision

Institutional investors and hedge funds have recently modified their holdings of the stock. Potomac Capital Management Inc. bought a new position in Techprecision in the 4th quarter worth about $1,205,000. Rothschild Wealth LLC bought a new stake in Techprecision during the 4th quarter valued at about $559,000. Vanguard Group Inc. raised its holdings in Techprecision by 22.9% in the third quarter. Vanguard Group Inc. now owns 323,830 shares of the industrial products company’s stock worth $1,723,000 after buying an additional 60,364 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in Techprecision in the first quarter worth about $106,000. Finally, NewEdge Advisors LLC lifted its stake 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 buying an additional 28,242 shares in the last quarter. 15.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Techprecision from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Techprecision Stock Down 1.1%

Shares of NASDAQ TPCS traded down $0.06 on Monday, reaching $5.62. 3,308 shares of the company’s stock traded hands, compared to its average volume of 46,780. Techprecision has a 12 month low of $2.88 and a 12 month high of $6.31. The business’s 50 day simple moving average is $4.91 and its two-hundred day simple moving average is $4.17. The company has a market cap of $56.76 million, a price-to-earnings ratio of -43.23 and a beta of 0.41.

Techprecision (NASDAQ:TPCS) last issued its quarterly earnings results on Thursday, August 13th. The industrial products company reported ($0.02) EPS for the quarter. Techprecision had a negative return on equity of 15.07% and a negative net margin of 3.66%.The company had revenue of $9.10 million during 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.