Short Interest in Technical Communications Co. (NASDAQ:TCCO) Rises By 274.7%
Technical Communications Co. (NASDAQ:TCCO) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 28,100 shares, a growth of 274.7% from the April 30th total of 7,500 shares. Based on an average daily trading volume, of 43,600 shares, the short-interest ratio is presently 0.6 days. Approximately 1.9% of the company’s shares are short sold.
NASDAQ TCCO traded up $0.09 during trading hours on Monday, hitting $3.61. The company’s stock had a trading volume of 10,329 shares, compared to its average volume of 63,701. The stock has a fifty day moving average of $3.92. Technical Communications has a twelve month low of $2.28 and a twelve month high of $5.95. The firm has a market cap of $6.48 million, a price-to-earnings ratio of 70.40 and a beta of 1.44.
Separately, ValuEngine upgraded shares of Technical Communications from a “hold” rating to a “buy” rating in a report on Friday, April 19th.
Technical Communications Company Profile
Technical Communications Corporation designs, develops, manufactures, distributes, markets, and sells communications security devices, systems, and services worldwide. The company primarily provides voice, data, and fax, and voice networks. Its products include government systems, such as DSD 72A-SP military bulk encryptor, CSD 3324 SE telephone/fax encryptor, and the DSP 9000 radio encryption system, as well as the HSE 6000 squad radio headset and telephone encryptor for public safety special operations land mobile radio applications and for military applications.
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