Is Tessco Technologies Incorporated (NASDAQ:TESS)’s Fuel Running High? Reports Show Less Sellers

April 16, 2018 - By Hazel Jackson

TESSCO Technologies Incorporated (NASDAQ:TESS) Logo

Investors sentiment decreased to 1.43 in Q4 2017. Its down 0.66, from 2.09 in 2017Q3. It worsened, as 2 investors sold TESSCO Technologies Incorporated shares while 12 reduced holdings. 5 funds opened positions while 15 raised stakes. 4.57 million shares or 5.31% less from 4.83 million shares in 2017Q3 were reported.
Mufg Americas Corporation invested 0% in TESSCO Technologies Incorporated (NASDAQ:TESS). Envestnet Asset Mgmt owns 0% invested in TESSCO Technologies Incorporated (NASDAQ:TESS) for 2,554 shares. Renaissance Technologies Ltd Company invested in 0.01% or 402,700 shares. Brandywine Management Ltd Liability stated it has 0% of its portfolio in TESSCO Technologies Incorporated (NASDAQ:TESS). Prelude Ltd Company owns 1,544 shares or 0% of their US portfolio. Dimensional Fund Advisors Lp holds 0% or 513,752 shares. Morgan Stanley reported 9,290 shares. Gsa Cap Prtn Llp, a United Kingdom-based fund reported 11,894 shares. Bridgeway Management holds 0.02% or 97,900 shares. Rbf Capital Limited Liability Corporation has 0.04% invested in TESSCO Technologies Incorporated (NASDAQ:TESS) for 16,429 shares. California Public Employees Retirement Sys stated it has 52,775 shares. Tower Limited Company (Trc) reported 2,296 shares. Deutsche Bankshares Ag holds 0% or 32,722 shares in its portfolio. Ls Advsrs Ltd reported 675 shares. State Bank Of America De reported 450 shares stake.

Since January 30, 2018, it had 0 buys, and 5 selling transactions for $3.25 million activity. Another trade for 10,000 shares valued at $221,717 was sold by ZIFFERER MORTON.

The stock of Tessco Technologies Incorporated (NASDAQ:TESS) registered a decrease of 37.14% in short interest. TESS’s total short interest was 15,400 shares in April as published by FINRA. Its down 37.14% from 24,500 shares, reported previously. With 37,800 shares average volume, it will take short sellers 0 days to cover their TESS’s short positions. The short interest to Tessco Technologies Incorporated’s float is 0.25%.

The stock decreased 0.49% or $0.1 during the last trading session, reaching $20.35. About 44,217 shares traded or 52.54% up from the average. TESSCO Technologies Incorporated (NASDAQ:TESS) has risen 42.41% since April 16, 2017 and is uptrending. It has outperformed by 30.86% 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 $170.70 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 54.7 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.

TESSCO Technologies Incorporated (NASDAQ:TESS) Institutional Positions Chart

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