TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Up 69.4% in March

TransAct Technologies Incorporated (NASDAQ:TACT) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 14,400 shares, an increase of 69.4% from the February 28th total of 8,500 shares. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on TransAct Technologies in a research note on Friday. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TACT. Legato Capital Management LLC bought a new position in TransAct Technologies during the fourth quarter valued at $44,000. Quinn Opportunity Partners LLC purchased a new position in TransAct Technologies during the 4th quarter valued at $156,000. Essex Investment Management Co. LLC grew its holdings in shares of TransAct Technologies by 20.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after purchasing an additional 7,402 shares during the last quarter. Northern Trust Corp increased its position in shares of TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after acquiring an additional 13,386 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in TransAct Technologies by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 74.46% of the company’s stock.

TransAct Technologies Stock Down 0.8 %

NASDAQ TACT traded down $0.03 during trading hours on Friday, reaching $3.80. The company’s stock had a trading volume of 1,788 shares, compared to its average volume of 20,885. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $5.47. The company has a market capitalization of $38.31 million, a price-to-earnings ratio of -19.00 and a beta of 1.80. The firm’s 50-day moving average price is $4.14 and its 200-day moving average price is $4.22.

TransAct Technologies (NASDAQ:TACT) last released its earnings results on Thursday, March 13th. The technology company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The firm had revenue of $10.23 million for the quarter, compared to the consensus estimate of $10.37 million. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. Equities research analysts anticipate that TransAct Technologies will post -0.3 EPS for the current fiscal year.

About TransAct Technologies

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.