Could Tactile Systems Technology Inc (NASDAQ:TCMD) Skyrocket? The Stock Has Too Many Sellers

July 13, 2018 - By Benjamin Allen

The stock of Tactile Systems Technology Inc (NASDAQ:TCMD) registered an increase of 0.42% in short interest. TCMD’s total short interest was 3.49M shares in July as published by FINRA. Its up 0.42% from 3.48 million shares, reported previously. With 139,900 shares average volume, it will take short sellers 25 days to cover their TCMD’s short positions. The short interest to Tactile Systems Technology Inc’s float is 23.2%.

The stock decreased 0.84% or $0.45 during the last trading session, reaching $53.05. About 102,204 shares traded. Tactile Systems Technology, Inc. (NASDAQ:TCMD) has risen 110.96% since July 13, 2017 and is uptrending. It has outperformed by 98.39% 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 $958.84 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 138.87 P/E ratio.

More news for Tactile Systems Technology, Inc. (NASDAQ:TCMD) were recently published by: Streetinsider.com, which released: “Tactile Systems Technology, Inc. (TCMD) Announces Publication of New Clinical Study on Health & Economic Benefits …” on June 22, 2018. Globenewswire.com‘s article titled: “Research Report Identifies LegacyTexas Financial Group, Cracker Barrel Old Country Store, BP Prudhoe Bay Royalty …” and published on June 21, 2018 is yet another important article.

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

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