Tel-instrument Electronics Corp (NYSEAMERICAN:TIK) Shorts Declined By 35.15%

It was reported a decrease on Tel-instrument Electronics Corp (NYSEAMERICAN:TIK)’s shorted shares with 35.15%. FINRA announced shorted shares of TIK’s total 50,000 shares. The down change of 35.15% from 77,100 shares was reported. Former TIK’s position will need 0 days to restore. It has 528,500 average volume. Tel-instrument Electronics Corp’s shorted shares float is 3.86%.

The stock increased 0.29% or $0.0074 during the last trading session, hitting $2.5566.Tel-Instrument Electronics Corp. has volume of 4,026 shares. Since November 10, 2017 TIK has declined 23.60% and is downtrending. The stock underperformed the S&P 500 by 39.22%.

Tel-Instrument Electronics Corp. designs, makes, and sells avionics test and measurement solutions for the commercial air transport, general aviation, and government/military aerospace and defense markets in the United States and internationally.The firm is worth $8.32 million. It operates in two divisions, Avionics Government and Avionics Commercial.Currently it has negative earnings. The firm provides instruments to test, measure, calibrate, and repair a range of airborne navigation and communication equipment.

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