Technical Communications Co. (NASDAQ:TCCO) Short Interest Update

Technical Communications Co. (NASDAQ:TCCO) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 2,100 shares, a decline of 47.5% from the June 30th total of 4,000 shares. Based on an average trading volume of 30,300 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Shares of TCCO stock traded down $0.06 during mid-day trading on Monday, hitting $2.53. The company had a trading volume of 17,392 shares, compared to its average volume of 27,378. Technical Communications has a 52-week low of $2.21 and a 52-week high of $5.50. The company has a 50 day simple moving average of $3.11. The stock has a market capitalization of $4.68 million, a P/E ratio of 12.43 and a beta of 1.18.

Technical Communications (NASDAQ:TCCO) last released its earnings results on Friday, August 9th. The communications equipment provider reported ($0.18) EPS for the quarter. Technical Communications had a return on equity of 26.04% and a net margin of 6.28%. The company had revenue of $1.24 million during the quarter.

A number of brokerages have recently commented on TCCO. ValuEngine upgraded shares of Technical Communications from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. TheStreet downgraded shares of Technical Communications from a “c” rating to a “d” rating in a report on Wednesday, July 10th.

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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