Tactile Systems Technology, Inc. (NASDAQ:TCMD) Short Interest Update

Tactile Systems Technology, Inc. (NASDAQ:TCMD) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,400,000 shares, a growth of 32.1% from the December 15th total of 1,060,000 shares. Based on an average daily volume of 265,100 shares, the short-interest ratio is currently 5.3 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. B. Riley assumed coverage on Tactile Systems Technology in a report on Thursday, September 26th. They issued a “buy” rating and a $23.00 target price on the stock. BTIG Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. Oppenheimer downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. Finally, StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday.

Tactile Systems Technology Stock Performance

NASDAQ TCMD traded down $0.03 on Friday, reaching $17.40. 141,005 shares of the stock were exchanged, compared to its average volume of 203,246. The firm has a market capitalization of $417.60 million, a PE ratio of 26.77 and a beta of 1.21. Tactile Systems Technology has a one year low of $11.12 and a one year high of $21.10. The company’s 50-day simple moving average is $17.47 and its two-hundred day simple moving average is $14.81. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Tactile Systems Technology

A number of institutional investors have recently bought and sold shares of TCMD. FMR LLC lifted its holdings in shares of Tactile Systems Technology by 28.1% in the third quarter. FMR LLC now owns 79,348 shares of the company’s stock worth $1,159,000 after buying an additional 17,393 shares in the last quarter. Wasatch Advisors LP lifted its stake in Tactile Systems Technology by 9.8% in the 3rd quarter. Wasatch Advisors LP now owns 727,194 shares of the company’s stock worth $10,624,000 after purchasing an additional 64,684 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in shares of Tactile Systems Technology by 90.1% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after purchasing an additional 561,073 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Tactile Systems Technology during the second quarter valued at about $706,000. Finally, Geode Capital Management LLC increased its holdings in shares of Tactile Systems Technology by 1.5% in the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company’s stock worth $8,164,000 after purchasing an additional 8,422 shares during the last quarter. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Tactile Systems Technology Company Profile

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.