Today’s Short Interest: Time to Reconsider Tactile Systems Tech Incorporated (NASDAQ:TCMD) After More Short Sellers?

November 17, 2016 - By Clifton Ray   ·   0 Comments

Today's Short Interest: Time to Reconsider Tactile Systems Tech Incorporated (NASDAQ:TCMD) After More Short Sellers?

The stock of Tactile Systems Tech Incorporated (NASDAQ:TCMD) registered an increase of 20.07% in short interest. TCMD’s total short interest was 34,100 shares in November as published by FINRA. Its up 20.07% from 28,400 shares, reported previously. With 114,800 shares average volume, it will take short sellers 0 days to cover their TCMD’s short positions. The short interest to Tactile Systems Tech Incorporated’s float is 0.37%. About 35 shares traded hands. Tactile Systems Technology Inc (NASDAQ:TCMD) has risen 6.00% since October 18, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.

Tactile Systems Technology, Inc. is a United States medical technology company. The company has a market cap of $322.71 million. The Firm develops and provides medical devices for the treatment of chronic diseases at home. It has a 4894.18 P/E ratio. The Firm markets its Flexitouch, ACTitouch and Entre systems, as at-home therapies for the treatment of lymphedema and chronic venous insufficiency.

Tactile Systems Technology Inc (NASDAQ:TCMD) Ratings Coverage

Out of 2 analysts covering Tactile Systems Tech (NASDAQ:TCMD), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Tactile Systems Tech has been the topic of 2 analyst reports since August 22, 2016 according to StockzIntelligence Inc. On Monday, August 22 the stock rating was initiated by BTIG Research with “Buy”. The stock of Tactile Systems Technology Inc (NASDAQ:TCMD) earned “Overweight” rating by Piperjaffray on Monday, August 22.

More notable recent Tactile Systems Technology Inc (NASDAQ:TCMD) news were published by: Marketwatch.com which released: “Tactile Systems Technology started at overweight with $17 stock price target …” on February 01, 2016, also Globenewswire.com with their article: “Tactile Systems Technology, Inc. Reports Third Quarter 2016 Financial Results …” published on November 10, 2016, Tcbmag.com published: “Tactile Systems Technology Primed To Go Public” on June 22, 2016. More interesting news about Tactile Systems Technology Inc (NASDAQ:TCMD) were released by: Globenewswire.com and their article: “Tactile Systems Announces Pricing of Initial Public Offering” published on July 28, 2016 as well as Seekingalpha.com‘s news article titled: “Is Tactile Systems Technology IPO A Safe Bet?” with publication date: June 21, 2016.

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By Clifton Ray


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