Time to Reconsider Tactile Systems Technology Inc (NASDAQ:TCMD) After More Short Sellers?

April 16, 2018 - By Louis Casey

The stock of Tactile Systems Technology Inc (NASDAQ:TCMD) registered an increase of 0.61% in short interest. TCMD’s total short interest was 3.63M shares in April as published by FINRA. Its up 0.61% from 3.61M shares, reported previously. With 207,100 shares average volume, it will take short sellers 18 days to cover their TCMD’s short positions. The short interest to Tactile Systems Technology Inc’s float is 24.14%.

The stock increased 2.24% or $0.77 during the last trading session, reaching $35.21. About 108,977 shares traded. Tactile Systems Technology, Inc. (NASDAQ:TCMD) has risen 71.12% since April 16, 2017 and is uptrending. It has outperformed by 59.57% 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 $634.03 million. 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 113.58 P/E ratio.

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

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