A Reversal for Tpi Composites Inc (NASDAQ:TPIC) Is Not Near. The Stock Has Rise in Shorts

October 13, 2018 - By Marguerite Chambers

The stock of Tpi Composites Inc (NASDAQ:TPIC) registered an increase of 11.3% in short interest. TPIC’s total short interest was 1.07M shares in October as published by FINRA. Its up 11.3% from 959,400 shares, reported previously. With 339,300 shares average volume, it will take short sellers 3 days to cover their TPIC’s short positions. The short interest to Tpi Composites Inc’s float is 5.06%.

The stock increased 1.95% or $0.48 during the last trading session, reaching $25.05. About 523,287 shares traded or 57.98% up from the average. TPI Composites, Inc. (NASDAQ:TPIC) has risen 34.90% since October 13, 2017 and is uptrending. It has outperformed by 19.28% the S&P500.

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers. The company has market cap of $862.03 million. The firm also provides composite solutions for the transportation industry. It has a 26.91 P/E ratio. It operates in the United States, Asia, Mexico, Europe, the Middle East, and Africa.

Another recent and important TPI Composites, Inc. (NASDAQ:TPIC) news was published by Fool.com which published an article titled: “3 Top Energy Stocks to Buy Right Now” on September 25, 2018.

TPI Composites, Inc. (NASDAQ:TPIC) Ratings Chart

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