What’s Tessco Technologies Incorporated (NASDAQ:TESS) Upside After This Short Interest Increase?

June 12, 2018 - By Ash

TESSCO Technologies Incorporated (NASDAQ:TESS) Logo

Investors sentiment decreased to 1.25 in 2018 Q1. Its down 0.18, from 1.43 in 2017Q4. It dived, as 3 investors sold TESSCO Technologies Incorporated shares while 17 reduced holdings. 12 funds opened positions while 13 raised stakes. 4.81 million shares or 5.28% more from 4.57 million shares in 2017Q4 were reported.
Geode Capital Limited Liability Corp reported 34,764 shares. Royal National Bank & Trust Of Canada reported 810,510 shares. Renaissance Ltd Liability owns 379,699 shares. Federated Inc Pa reported 0% stake. Bridgeway Mngmt Inc holds 152,300 shares. Manufacturers Life Company The accumulated 103 shares. Deprince Race Zollo has 763,771 shares. 9,938 are held by Wells Fargo And Company Mn. Ls Invest Lc invested in 675 shares. Deutsche Bankshares Ag holds 0% in TESSCO Technologies Incorporated (NASDAQ:TESS) or 29,229 shares. Financial Bank Of America De invested in 2,024 shares. Susquehanna Interest Gp Ltd Liability Partnership accumulated 0% or 16,710 shares. Jpmorgan Chase & accumulated 12,036 shares or 0% of the stock. Crawford Counsel holds 0.1% or 132,160 shares in its portfolio. Dimensional Fund Advsr L P reported 0.01% stake.

Since January 30, 2018, it had 0 insider buys, and 7 selling transactions for $3.49 million activity. BARNHILL ROBERT B JR also sold $110,810 worth of TESSCO Technologies Incorporated (NASDAQ:TESS) shares.

The stock of Tessco Technologies Incorporated (NASDAQ:TESS) registered an increase of 126.81% in short interest. TESS’s total short interest was 84,600 shares in June as published by FINRA. Its up 126.81% from 37,300 shares, reported previously. With 35,100 shares average volume, it will take short sellers 2 days to cover their TESS’s short positions. The short interest to Tessco Technologies Incorporated’s float is 1.39%.

The stock decreased 1.98% or $0.35 during the last trading session, reaching $17.35. About 87,245 shares traded or 192.18% up from the average. TESSCO Technologies Incorporated (NASDAQ:TESS) has risen 29.33% since June 12, 2017 and is uptrending. It has outperformed by 16.76% 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 $146.20 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 46.64 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.

More important recent TESSCO Technologies Incorporated (NASDAQ:TESS) news were published by: Businesswire.com which released: “Tessco Earns TL 9000:2016 R(6) Certification for Quality, Processes” on May 22, 2018, also Businesswire.com published article titled: “TESSCO Technologies Announces Appointment of IT Veteran Paul Gaffney to Board of Directors”, Gurufocus.com published: “Tessco Technologies Inc (TESS) Files 10-K for the Fiscal Year Ended on March 31, 2018” on June 01, 2018. More interesting news about TESSCO Technologies Incorporated (NASDAQ:TESS) was released by: Businesswire.com and their article: “TESSCO Technologies to Present at Ladenburg Thalmann 2018 Technology Expo” with publication date: May 24, 2018.

TESSCO Technologies Incorporated (NASDAQ:TESS) Institutional Positions Chart

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