Short Interest in Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) Drops By 76.9%

Tel-Instrument Electronics Corp. (OTCMKTS:TIKK) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 300 shares, a drop of 76.9% from the March 31st total of 1,300 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 0.5 days.

Tel-Instrument Electronics Stock Performance

TIKK remained flat at $2.65 during trading hours on Tuesday. The company had a trading volume of 4 shares, compared to its average volume of 2,617. Tel-Instrument Electronics has a 52 week low of $1.60 and a 52 week high of $3.37. The firm’s 50-day simple moving average is $2.79 and its two-hundred day simple moving average is $2.86. The stock has a market capitalization of $8.63 million, a PE ratio of -6.79 and a beta of 0.50.

Tel-Instrument Electronics (OTCMKTS:TIKK) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.17) earnings per share (EPS) for the quarter. Tel-Instrument Electronics had a negative return on equity of 105.05% and a negative net margin of 9.22%. The firm had revenue of $2.97 million for the quarter.

About Tel-Instrument Electronics

Tel-Instrument Electronics Corp. engages in designing, manufacturing, and sales of 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. It operates through two segments, Avionics Government and Avionics Commercial.