Techprecision Corp. (NASDAQ:TPCS) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TPCS. NewEdge Advisors LLC lifted its holdings 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 last quarter. Jane Street Group LLC acquired a new stake in Techprecision during the 4th quarter worth about $64,000. JPMorgan Chase & Co. purchased a new stake in Techprecision during the third quarter valued at about $73,000. Dimensional Fund Advisors LP lifted its stake in Techprecision by 29.6% during the fourth 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, Diversify Advisory Services LLC acquired a new position in shares of Techprecision in the second quarter worth about $94,000. Institutional investors own 15.52% of the company’s stock.

Techprecision Price Performance

Shares of Techprecision stock traded down $0.06 on Monday, hitting $4.50. The company had a trading volume of 36,031 shares, compared to its average volume of 45,322. Techprecision has a 52 week low of $2.88 and a 52 week high of $6.25. The company has a market cap of $45.09 million, a PE ratio of -26.47 and a beta of 0.41. The business has a 50-day simple moving average of $4.21 and a 200-day simple moving average of $4.11.

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

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.