TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Update

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

Wall Street Analysts Forecast Growth

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

TransAct Technologies Trading Down 0.7 %

NASDAQ:TACT traded down $0.03 during trading hours on Thursday, hitting $4.48. 4,546 shares of the company traded hands, compared to its average volume of 22,024. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $7.97. The stock has a market capitalization of $44.84 million, a price-to-earnings ratio of -22.40 and a beta of 1.73. The firm has a 50-day moving average of $4.14 and a 200 day moving average of $4.18.

Institutional Investors Weigh In On TransAct Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bard Associates Inc. grew its holdings in shares of TransAct Technologies by 2.3% during the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after purchasing an additional 3,440 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in TransAct Technologies by 66.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock worth $177,000 after acquiring an additional 14,599 shares during the last quarter. Silverberg Bernstein Capital Management LLC grew its holdings 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 acquiring an additional 11,700 shares during the last quarter. Gabelli Funds LLC increased 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 acquiring an additional 3,000 shares in the last quarter. Finally, Connors Investor Services Inc. lifted its position 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 purchasing an additional 9,999 shares in the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.

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.