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

TransAct Technologies Incorporated (NASDAQ:TACT) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 49,600 shares, an increase of 158.3% from the September 30th total of 19,200 shares. Based on an average daily volume of 46,000 shares, the short-interest ratio is presently 1.1 days.

NASDAQ TACT opened at $7.07 on Thursday. TransAct Technologies has a one year low of $2.87 and a one year high of $12.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.64 and a quick ratio of 1.41. The firm has a market cap of $53.36 million, a P/E ratio of -16.07 and a beta of 2.25. The stock’s 50-day moving average is $6.04 and its 200-day moving average is $4.83.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.09. The business had revenue of $5.29 million for the quarter. TransAct Technologies had a negative net margin of 8.50% and a negative return on equity of 12.71%.

A number of research firms have commented on TACT. ValuEngine lowered TransAct Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 1st. Zacks Investment Research lowered TransAct Technologies from a “hold” rating to a “sell” rating in a research note on Friday, July 24th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of TransAct Technologies by 137.6% during the 1st quarter. Wells Fargo & Company MN now owns 9,199 shares of the technology company’s stock worth $29,000 after purchasing an additional 5,327 shares in the last quarter. Acuitas Investments LLC raised its holdings in shares of TransAct Technologies by 23.7% in the 3rd quarter. Acuitas Investments LLC now owns 129,299 shares of the technology company’s stock worth $647,000 after acquiring an additional 24,760 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of TransAct Technologies during the second quarter valued at approximately $127,000. 42.83% of the stock is owned by institutional investors.

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 and inkjet printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents, as well as printed logging and plotting of data.

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