TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Update

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a significant drop in short interest during the month of 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 trading volume of 21,200 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of TransAct Technologies in a report on Wednesday. They issued a “hold” rating on the stock.

Institutional Trading of TransAct Technologies

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

TransAct Technologies Trading Up 1.7 %

Shares of TACT traded up $0.07 during mid-day trading on Friday, hitting $4.55. 7,334 shares of the company’s stock were exchanged, compared to its average volume of 20,358. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97. The business’s 50 day moving average is $4.15 and its two-hundred day moving average is $4.18. The firm has a market capitalization of $45.59 million, a P/E ratio of -22.77 and a beta of 1.73.

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.