Tactile Systems Technology, Inc. (NASDAQ:TCMD - Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,400,000 shares, an increase of 32.1% from the December 31st total of 1,060,000 shares. Based on an average daily trading volume, of 265,100 shares, the days-to-cover ratio is currently 5.3 days.
Analyst Ratings Changes
TCMD has been the subject of several analyst reports. Oppenheimer cut shares of Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 5th. BTIG Research lowered shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating in a report on Tuesday, November 5th. Finally, StockNews.com downgraded Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a report on Thursday, January 16th.
Get Our Latest Stock Analysis on Tactile Systems Technology
Hedge Funds Weigh In On Tactile Systems Technology
Institutional investors have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI purchased a new stake in Tactile Systems Technology in the third quarter worth $29,000. Gladius Capital Management LP purchased a new stake in shares of Tactile Systems Technology in the 3rd quarter worth about $44,000. Quarry LP bought a new position in shares of Tactile Systems Technology in the 2nd quarter worth about $46,000. SG Americas Securities LLC purchased a new position in Tactile Systems Technology during the 3rd quarter valued at about $156,000. Finally, XTX Topco Ltd purchased a new stake in Tactile Systems Technology in the third quarter worth about $163,000. 83.43% of the stock is owned by institutional investors.
Tactile Systems Technology Trading Up 1.2 %
Tactile Systems Technology stock traded up $0.20 during mid-day trading on Tuesday, reaching $17.54. 146,217 shares of the company traded hands, compared to its average volume of 204,523. The firm's 50 day moving average price is $17.76 and its 200 day moving average price is $15.30. Tactile Systems Technology has a 52-week low of $11.12 and a 52-week high of $21.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 3.80. The firm has a market capitalization of $420.96 million, a price-to-earnings ratio of 26.99 and a beta of 1.20.
Tactile Systems Technology Company Profile
(
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Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.
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