A Reversal for Tactile Systems Technology Inc (NASDAQ:TCMD) Is Near. The Stock Has Decrease in Shorts

September 30, 2018 - By Catherine Diaz

The stock of Tactile Systems Technology Inc (NASDAQ:TCMD) registered a decrease of 1.04% in short interest. TCMD’s total short interest was 2.63M shares in September as published by FINRA. Its down 1.04% from 2.65 million shares, reported previously. With 226,700 shares average volume, it will take short sellers 12 days to cover their TCMD’s short positions.

The stock increased 2.07% or $1.44 during the last trading session, reaching $71.05. About 386,382 shares traded or 61.75% up from the average. Tactile Systems Technology, Inc. (NASDAQ:TCMD) has risen 90.09% since September 30, 2017 and is uptrending. It has outperformed by 74.47% the S&P500.

Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company has market cap of $1.30 billion. It offers proprietary Flexitouch system, an at-home solution for lymphedema patients; ACTitouch system, a home solution for chronic venous insufficiency patients; and Entré System, a basic pneumatic compression device used for the at-home treatment of venous disorders, including lymphedema and chronic venous insufficiency. It has a 222.73 P/E ratio.

Tactile Systems Technology, Inc. (NASDAQ:TCMD) Ratings Chart

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