TransAct Technologies Incorporated (NASDAQ:TACT) Sees Significant Growth in Short Interest

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

TransAct Technologies Price Performance

Shares of TACT stock traded down $0.18 during mid-day trading on Monday, hitting $3.65. The company had a trading volume of 1,788 shares, compared to its average volume of 20,802. The company has a market capitalization of $36.81 million, a P/E ratio of -18.25 and a beta of 1.80. The stock’s 50 day moving average price is $4.14 and its 200-day moving average price is $4.22. TransAct Technologies has a 52-week low of $3.32 and a 52-week high of $5.47.

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

Institutional Investors Weigh In On TransAct Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Legato Capital Management LLC bought a new stake in shares of TransAct Technologies during the fourth quarter worth $44,000. Essex Investment Management Co. LLC grew its stake in TransAct Technologies by 20.3% in the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after acquiring an additional 7,402 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in shares of TransAct Technologies during the fourth quarter worth approximately $156,000. 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. Finally, Dimensional Fund Advisors LP boosted its position in TransAct Technologies by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after purchasing an additional 8,015 shares in the last quarter. 74.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.