Short Interest Worth Mentioning Today: TECHPRECISION CORPORATION (OTCMKTS:TPCS) Has Increase in Shorts

November 18, 2016 - By Ellis Scott   ·   0 Comments

Short Interest Worth Mentioning Today: TECHPRECISION CORPORATION (OTCMKTS:TPCS) Has Increase in Shorts

The stock of TECHPRECISION CORPORATION (OTCMKTS:TPCS) registered an increase of 10.08% in short interest. TPCS’s total short interest was 14,200 shares in November as published by FINRA. Its up 10.08% from 12,900 shares, reported previously. With 41,700 shares average volume, it will take short sellers 0 days to cover their TPCS’s short positions. The stock decreased 3.70% or $0.02 on November 17, hitting $0.52. About 5,000 shares traded hands. TechPrecision Corp (OTCMKTS:TPCS) has risen 160.00% since April 18, 2016 and is uptrending. It has outperformed by 155.57% the S&P500.

TechPrecision Corporation is a manufacturer of fabricated and machined metal components and systems. The company has a market cap of $14.48 million. The Firm offers a range of services required to transform metallic raw materials into precision finished products. It has a 8.93 P/E ratio. It sells finished products to its clients in three industry groups: defense, energy and precision industrial.

TPCS Company Profile

TechPrecision Corporation, incorporated on March 2, 2006, is a maker of fabricated and machined metal components and systems. The Firm offers a range of services required to transform metallic raw materials into precision finished products. It sells these finished products to clients in three industry groups: defense, energy and precision industrial. The Company’s primary business includes the business of its subsidiary, Ranor, Inc. The Company’s activities in China are conducted through its subsidiary, Wuxi Critical Mechanical Components Co., Ltd. (WCMC). WCMC, through its subcontractors, provides precision component fabrication and machining solutions. The Company’s manufacturing solutions include fabrication activities (cutting, press and roll forming, assembly, welding, heat treating, blasting and painting), and machining operations, including computer numerical controlled (CNC) horizontal and vertical milling centers.

More notable recent TechPrecision Corp (OTCMKTS:TPCS) news were published by: Seekingalpha.com which released: “Shares Of Techprecision Are Poised To Triple” on December 23, 2013, also Marketwired.com with their article: “TechPrecision Corporation Reports Fifth Consecutive Profitable Quarter” published on August 15, 2016, Seekingalpha.com published: “TechPrecision’s (TPCS) CEO Alex Shen on Q3 2016 Results – Earnings Call Transcript” on February 17, 2016. More interesting news about TechPrecision Corp (OTCMKTS:TPCS) were released by: Marketwired.com and their article: “TechPrecision Corporation Reports Profitable Fourth Quarter and Full Year …” published on June 28, 2016 as well as Prnewswire.com‘s news article titled: “TechPrecision Names Alexander Shen as President, Ranor Division” with publication date: June 23, 2014.

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By Ellis Scott


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