Could Tessco Technologies Incorporated (NASDAQ:TESS) Change Direction After More Shorts?

July 14, 2018 - By Kristen Paramore

TESSCO Technologies Incorporated (NASDAQ:TESS) Logo

Investors sentiment decreased to 1.25 in Q1 2018. Its down 0.18, from 1.43 in 2017Q4. It dived, 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.
Gsa Prns Llp stated it has 11,994 shares. Moreover, Crawford Counsel has 0.1% invested in TESSCO Technologies Incorporated (NASDAQ:TESS). Dimensional Fund Advsr Limited Partnership stated it has 0.01% of its portfolio in TESSCO Technologies Incorporated (NASDAQ:TESS). Brandywine Investment Mgmt Limited Co holds 0% of its portfolio in TESSCO Technologies Incorporated (NASDAQ:TESS) for 4,973 shares. Macquarie Group has invested 0% in TESSCO Technologies Incorporated (NASDAQ:TESS). Moors Cabot stated it has 0.24% of its portfolio in TESSCO Technologies Incorporated (NASDAQ:TESS). Ancora Advisors Limited reported 443,289 shares or 0.46% of all its holdings. Financial Bank Of New York Mellon reported 0% stake. 6,921 were accumulated by Panagora Asset Management Inc. Raymond James Associate invested 0% of its portfolio in TESSCO Technologies Incorporated (NASDAQ:TESS). Great West Life Assurance Can reported 0% of its portfolio in TESSCO Technologies Incorporated (NASDAQ:TESS). Blackrock has invested 0% in TESSCO Technologies Incorporated (NASDAQ:TESS). Wedge Capital Mngmt L L P Nc reported 50,700 shares. Deprince Race And Zollo, Florida-based fund reported 763,771 shares. Stifel Financial accumulated 39,099 shares.

Since January 30, 2018, it had 0 buys, and 7 insider sales for $3.49 million activity. The insider ZIFFERER MORTON sold $221,717.

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: Businesswire.com, which released: “TESSCO Technologies Schedules First-Quarter Fiscal 2019 Earnings Release and Conference Call” on July 09, 2018. Bizjournals.com‘s article titled: “Maryland’s minimum wage hike is one of several new laws that may affect your business” and published on July 05, 2018 is yet another important article.

TESSCO Technologies Incorporated (NASDAQ:TESS) Institutional Positions Chart

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