Tessco Technologies Incorporated (NASDAQ:TESS)’s Trend Up, Especially After Decreased Shorts

April 16, 2018 - By Marguerite Chambers

TESSCO Technologies Incorporated (NASDAQ:TESS) Logo

Investors sentiment decreased to 1.43 in Q4 2017. Its down 0.66, from 2.09 in 2017Q3. It dived, as 2 investors sold TESSCO Technologies Incorporated shares while 12 reduced holdings. 5 funds opened positions while 15 raised stakes. 4.57 million shares or 5.31% less from 4.83 million shares in 2017Q3 were reported.
Brown Advisory accumulated 80,857 shares. 64,800 were reported by Wedge Capital Mngmt L L P Nc. 52,775 are owned by California Pub Employees Retirement Sys. Tower Rech Limited Liability Corp (Trc) invested 0.01% in TESSCO Technologies Incorporated (NASDAQ:TESS). Panagora Asset Mgmt stated it has 0% in TESSCO Technologies Incorporated (NASDAQ:TESS). Rbf Capital Ltd Llc holds 0.04% of its portfolio in TESSCO Technologies Incorporated (NASDAQ:TESS) for 16,429 shares. Deprince Race And Zollo has invested 0.35% in TESSCO Technologies Incorporated (NASDAQ:TESS). Northern Trust Corporation, a Illinois-based fund reported 65,696 shares. Morgan Stanley holds 9,290 shares. Mufg Americas Holdings Corporation has invested 0% in TESSCO Technologies Incorporated (NASDAQ:TESS). The United Kingdom-based Gsa Cap Llp has invested 0.01% in TESSCO Technologies Incorporated (NASDAQ:TESS). Bankshares Of Ny Mellon stated it has 0% of its portfolio in TESSCO Technologies Incorporated (NASDAQ:TESS). Manufacturers Life Insur Com The stated it has 155 shares or 0% of all its holdings. Envestnet Asset Mgmt invested 0% in TESSCO Technologies Incorporated (NASDAQ:TESS). Stifel reported 27,874 shares.

Since January 30, 2018, it had 0 insider purchases, and 5 sales for $3.25 million activity. ZIFFERER MORTON sold 10,000 shares worth $221,717.

The stock of Tessco Technologies Incorporated (NASDAQ:TESS) registered a decrease of 37.14% in short interest. TESS’s total short interest was 15,400 shares in April as published by FINRA. Its down 37.14% from 24,500 shares, reported previously. With 37,800 shares average volume, it will take short sellers 0 days to cover their TESS’s short positions. The short interest to Tessco Technologies Incorporated’s float is 0.25%.

The stock decreased 0.49% or $0.1 during the last trading session, reaching $20.35. About 44,217 shares traded or 52.54% up from the average. TESSCO Technologies Incorporated (NASDAQ:TESS) has risen 42.41% since April 16, 2017 and is uptrending. It has outperformed by 30.86% the S&P500.

TESSCO Technologies Incorporated architects and delivers products and value chain solutions to support wireless systems in the United States. The company has market cap of $170.70 million. It offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems; and connector installation, custom jumper assembly, site kitting, and logistics integration services. It has a 54.7 P/E ratio. The firm also offers network systems, such as fixed and mobile broadband radio equipment, wireless networking filtering and distributed antenna systems, two-way radios, and security and surveillance products; and training classes, technical support, and engineering design services.

TESSCO Technologies Incorporated (NASDAQ:TESS) Institutional Positions Chart

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