Today Technical Communications Corporation (NASDAQ:TCCO) Reported Decrease in Shorted Shares

September 30, 2018 - By Catherine Diaz

Technical Communications Corporation (NASDAQ:TCCO) Logo

Investors sentiment decreased to 0.67 in Q2 2018. Its down 0.13, from 0.8 in 2018Q1. It worsened, as 2 investors sold Technical Communications Corporation shares while 1 reduced holdings. 2 funds opened positions while 0 raised stakes. 48,769 shares or 21.86% less from 62,410 shares in 2018Q1 were reported.
Pnc Fincl Services Group Inc accumulated 500 shares. Financial Bank Of America De reported 0% in Technical Communications Corporation (NASDAQ:TCCO). Morgan Stanley reported 75 shares or 0% of all its holdings. New York-based Renaissance Technology Llc has invested 0% in Technical Communications Corporation (NASDAQ:TCCO). Blackrock Incorporated reported 75 shares. Royal Bankshares Of Canada has 1,000 shares. Pennsylvania-based Vanguard Group Incorporated has invested 0% in Technical Communications Corporation (NASDAQ:TCCO).

The stock of Technical Communications Corporation (NASDAQ:TCCO) registered a decrease of 24.44% in short interest. TCCO’s total short interest was 57,800 shares in September as published by FINRA. Its down 24.44% from 76,500 shares, reported previously. With 14,200 shares average volume, it will take short sellers 4 days to cover their TCCO’s short positions. The short interest to Technical Communications Corporation’s float is 3.96%.

The stock decreased 2.17% or $0.1 during the last trading session, reaching $4.5. About 3,928 shares traded. Technical Communications Corporation (NASDAQ:TCCO) has declined 7.77% since September 30, 2017 and is downtrending. It has underperformed by 23.39% the S&P500.

Technical Communications Corporation designs, develops, makes, distributes, markets, and sells communications security devices, systems, and services worldwide. The company has market cap of $8.32 million. The firm primarily provides voice, data, and fax, and voice networks. It currently has negative earnings. The Company’s 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 activities land mobile radio applications and for military applications.

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