TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Update

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 8,600 shares, a drop of 27.7% from the December 15th total of 11,900 shares. Based on an average daily volume of 21,200 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of TransAct Technologies in a research note on Wednesday. They set a “hold” rating for the company.

Hedge Funds Weigh In On TransAct Technologies

A number of institutional investors have recently modified their holdings of TACT. Gabelli Funds LLC grew its position in TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,000 shares during the last quarter. Bard Associates Inc. boosted its holdings in shares of TransAct Technologies by 2.3% in the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after acquiring an additional 3,440 shares in the last quarter. Connors Investor Services Inc. increased its stake in shares of TransAct Technologies by 56.5% during the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after acquiring an additional 9,999 shares during the period. Silverberg Bernstein Capital Management LLC raised its holdings in TransAct Technologies by 2.8% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 11,700 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position in TransAct Technologies by 66.8% in the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after purchasing an additional 14,599 shares during the period. 74.46% of the stock is owned by institutional investors and hedge funds.

TransAct Technologies Stock Down 0.7 %

TACT traded down $0.03 during trading on Thursday, hitting $4.48. 4,546 shares of the stock were exchanged, compared to its average volume of 22,065. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $7.97. The stock has a fifty day moving average price of $4.14 and a two-hundred day moving average price of $4.18. The firm has a market capitalization of $44.84 million, a P/E ratio of -22.40 and a beta of 1.73.

TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.