Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Sees Large Increase in Short Interest

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Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 500 shares, a growth of 66.7% from the March 15th total of 300 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 0.2 days.

TIKK opened at $3.38 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.94 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $11.42 million, a PE ratio of 4.02 and a beta of 0.57. Tel-Instrument Electronics has a 1-year low of $2.76 and a 1-year high of $5.95. The firm has a 50-day moving average price of $3.54 and a two-hundred day moving average price of $3.48.

Tel-Instrument Electronics (OTCMKTS:TIKK) last posted its quarterly earnings data on Tuesday, February 16th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $2.67 million during the quarter. Tel-Instrument Electronics had a net margin of 28.84% and a negative return on equity of 265.80%.

About Tel-Instrument Electronics

Tel-Instrument Electronics Corp. designs, manufactures, and sells avionics test and measurement instruments for the commercial air transport, general aviation, and government/military aerospace and defense markets in the United States and internationally. The company operates in two segments, Avionics Government and Avionics Commercial.

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