Short Interest: What Next for Technical Communications Corporation (NASDAQ:TCCO) Stock After Decrease in Shorted Shares?

November 17, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest: What Next for Technical Communications Corporation (NASDAQ:TCCO) Stock After Decrease in Shorted Shares?

The stock of Technical Communications Corporation (NASDAQ:TCCO) registered a decrease of 41.89% in short interest. TCCO’s total short interest was 4,300 shares in November as published by FINRA. Its down 41.89% from 7,400 shares, reported previously. With 25,400 shares average volume, it will take short sellers 0 days to cover their TCCO’s short positions. The short interest to Technical Communications Corporation’s float is 0.3%. About 2,167 shares traded hands. Technical Communications Corporation (NASDAQ:TCCO) has declined 1.46% since April 15, 2016 and is downtrending. It has underperformed by 6.08% the S&P500.

Technical Communications Corporation is engaged in the design, development, manufacture, distribution, marketing and sale of communications security devices, systems and services. The company has a market cap of $4.49 million. The Company’s products consist of electronic devices that enable users to transmit information in an encrypted format and permit recipients to reconstitute the information in a deciphered format if the recipient possesses the right decryption key. It currently has negative earnings. The Company’s products consist primarily of voice, data and facsimile encryptors.

Insitutional Activity: The institutional sentiment is 0.5 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as 1 funds sold all Technical Communications Corporation shares owned while 3 reduced positions. only 1 funds bought stakes while 1 increased positions. They now own 55,441 shares or 22.79% less from 71,810 shares in 2016Q1.
California Pub Employees Retirement Systems holds 0% or 10,592 shares in its portfolio. Blackrock Institutional Na, a California-based fund reported 75 shares. Royal State Bank Of Canada, a Ontario – Canada-based fund reported 1,000 shares. Renaissance Technologies Ltd last reported 12,200 shares in the company. Tower Rech Ltd (Trc) reported 500 shares or 0% of all its holdings. Manufacturers Life The has 0% invested in the company for 146 shares. Wells Fargo Company Mn accumulated 0% or 400 shares. Morgan Stanley has 0% invested in the company for 25 shares. Dimensional Fund Ltd Partnership reported 30,503 shares or 0% of all its holdings.

TCCO Company Profile

Technical Communications Corporation (TCC), incorporated on June 27, 1961, is engaged in the design, development, manufacture, distribution, marketing and sale of communications security devices, systems and services. The Company’s products consist of electronic devices that enable users to transmit information in an encrypted format and permit recipients to reconstitute the information in a deciphered format if the recipient possesses the right decryption key. The Company’s products can be used to protect confidentiality in communications between radios, telephones, mobile phones, facsimile machines and data network equipment over wires, fiber optic cables, radio waves, and microwave and satellite links. The principal markets for the Company’s products are foreign and domestic governmental agencies, law enforcement and military agencies, financial institutions, and multinational companies requiring protection of mission-critical information. During the fiscal year ended September 28, 2013 (fiscal 2013), TCC completed the expansion of its optical encryptor product line, which includes variants for military (DSD 72A-SP (STM)), rugged industrial (DSD 72B-SP (RI)) and industrial (DSD 72B-SP (I)) environments operating at speeds of 155 Mb/s and 622 Mb/s. During fiscal 2013, it completed the development and production of the HSE 6000 squad radio headset encryptor for land mobile radio application.

Another recent and important Technical Communications Corporation (NASDAQ:TCCO) news was published by Benzinga.com which published an article titled: “Why Technical Communications Corp Shares Are Rocketing Higher” on October 19, 2016.

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By Marguerite Chambers


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