Tessco Technologies Incorporated (NASDAQ:TESS)’s Trend Unknown, Especially After Increased Shorts

July 14, 2018 - By Tamara Reed

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 dropped, 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.
Great West Life Assurance Commerce Can accumulated 0% or 446 shares. Manufacturers Life Insurance The has invested 0% in TESSCO Technologies Incorporated (NASDAQ:TESS). Morgan Stanley reported 13,814 shares. California Employees Retirement System has 0% invested in TESSCO Technologies Incorporated (NASDAQ:TESS). Dimensional Fund Advsrs L P holds 545,139 shares. Bancorporation Of America De owns 2,024 shares. Acadian Asset Mgmt Ltd Company stated it has 27,127 shares. Federated Investors Pa invested 0% of its portfolio in TESSCO Technologies Incorporated (NASDAQ:TESS). Wedge L L P Nc holds 0.01% or 50,700 shares. Northern Corporation holds 0% or 68,830 shares. Deprince Race And Zollo holds 763,771 shares or 0.41% of its portfolio. Goldman Sachs Group Incorporated stated it has 24,243 shares. Barclays Public Lc invested in 0% or 1,300 shares. Ancora Advisors Limited Com holds 0.46% or 443,289 shares in its portfolio. Moors & Cabot accumulated 79,516 shares.

Since January 30, 2018, it had 0 insider buys, and 7 selling transactions for $3.49 million activity. ZIFFERER MORTON had sold 10,000 shares worth $221,717 on Tuesday, January 30.

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 July 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 increased 1.17% or $0.2 during the last trading session, reaching $17.35. About 20,034 shares traded. TESSCO Technologies Incorporated (NASDAQ:TESS) has risen 29.33% since July 14, 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 $146.11 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 news for TESSCO Technologies Incorporated (NASDAQ:TESS) were recently published by: Bizjournals.com, which released: “Maryland’s minimum wage hike is one of several new laws that may affect your business” on July 05, 2018. Businesswire.com‘s article titled: “TESSCO Technologies Schedules First-Quarter Fiscal 2019 Earnings Release and Conference Call” and published on July 09, 2018 is yet another important article.

TESSCO Technologies Incorporated (NASDAQ:TESS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.