Technical Communications Co. (NASDAQ:TCCO) Short Interest Update
Technical Communications Co. (NASDAQ:TCCO) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 6,900 shares, an increase of 228.6% from the July 31st total of 2,100 shares. Based on an average daily volume of 30,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s shares are sold short.
TCCO stock traded up $0.28 during trading on Wednesday, reaching $2.78. 15,429 shares of the stock traded hands, compared to its average volume of 25,239. The business’s 50 day moving average price is $2.54 and its 200-day moving average price is $3.42. Technical Communications has a 52-week low of $2.21 and a 52-week high of $5.50.
Technical Communications (NASDAQ:TCCO) last released its quarterly earnings data on Friday, August 9th. The communications equipment provider reported ($0.18) EPS for the quarter. The firm had revenue of $1.24 million during the quarter. Technical Communications had a negative return on equity of 12.63% and a negative net margin of 2.89%.
About Technical Communications
Technical Communications Corporation designs, develops, manufactures, distributes, markets, and sells communications security devices, systems, and services worldwide. The company primarily provides voice, data, and fax, and voice networks. Its 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 operations land mobile radio applications and for military applications.
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