Technical Communications Co. (NASDAQ:TCCO) Short Interest Up 246.7% in March

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Technical Communications Co. (NASDAQ:TCCO) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totalling 5,200 shares, an increase of 246.7% from the February 27th total of 1,500 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 9,700 shares, the days-to-cover ratio is presently 0.5 days.

Shares of NASDAQ TCCO opened at $2.24 on Friday. The firm’s 50-day moving average price is $2.92 and its 200-day moving average price is $3.28. The company has a market cap of $4.05 million, a PE ratio of 10.67 and a beta of 1.94. Technical Communications has a 52-week low of $1.72 and a 52-week high of $10.49.

Technical Communications (NASDAQ:TCCO) last announced its quarterly earnings results on Friday, February 7th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $0.67 million for the quarter. Technical Communications had a net margin of 6.07% and a return on equity of 24.10%.

A number of analysts have recently issued reports on TCCO shares. ValuEngine raised shares of Technical Communications from a “sell” rating to a “hold” rating in a report on Tuesday, March 10th. TheStreet raised shares of Technical Communications from a “d+” rating to a “c” rating in a report on Monday, December 30th.

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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