Tactile Systems Technology, Inc. (NASDAQ:TCMD) Short Interest Up 32.1% in December

Tactile Systems Technology, Inc. (NASDAQ:TCMD) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,400,000 shares, an increase 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 presently 5.3 days.

Tactile Systems Technology Stock Performance

Shares of NASDAQ TCMD traded up $0.09 during mid-day trading on Friday, hitting $17.52. The stock had a trading volume of 22,910 shares, compared to its average volume of 183,062. The firm has a market cap of $420.36 million, a PE ratio of 26.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. The company has a 50 day moving average of $17.42 and a two-hundred day moving average of $14.77. Tactile Systems Technology has a twelve month low of $11.12 and a twelve month high of $21.10.

Analysts Set New Price Targets

Several research firms have issued reports on TCMD. Oppenheimer cut shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. B. Riley began coverage on shares of Tactile Systems Technology in a research note on Thursday, September 26th. They issued a “buy” rating and a $23.00 price objective for the company. StockNews.com lowered shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th.

Institutional Trading of Tactile Systems Technology

A number of hedge funds have recently modified their holdings of the stock. Arcadia Investment Management Corp MI purchased a new stake in Tactile Systems Technology during the third quarter worth $29,000. Gladius Capital Management LP acquired a new position in shares of Tactile Systems Technology in the third quarter worth about $44,000. Quarry LP acquired a new stake in shares of Tactile Systems Technology during the 2nd quarter valued at about $46,000. Retireful LLC acquired a new stake in shares of Tactile Systems Technology during the 4th quarter valued at about $173,000. Finally, SG Americas Securities LLC purchased a new position in Tactile Systems Technology during the third quarter worth approximately $156,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

About Tactile Systems Technology

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.