TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Down 37.5% in November

TransAct Technologies Incorporated (NASDAQ:TACT) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 6,000 shares, a decrease of 37.5% from the November 15th total of 9,600 shares. Based on an average daily volume of 23,000 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of TransAct Technologies in a report on Saturday. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TACT. Vanguard Group Inc. lifted its holdings in shares of TransAct Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 3,821 shares in the last quarter. Silverberg Bernstein Capital Management LLC increased its position in shares of TransAct Technologies by 2.8% during the third 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 in the last quarter. Essex Investment Management Co. LLC raised 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 acquiring an additional 14,599 shares during the period. Bard Associates Inc. boosted 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 worth $756,000 after purchasing an additional 3,440 shares during the period. Finally, Connors Investor Services Inc. increased its holdings in TransAct Technologies by 56.5% during the 2nd 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 currently owned by institutional investors.

TransAct Technologies Trading Down 2.2 %

Shares of NASDAQ:TACT traded down $0.09 during mid-day trading on Friday, reaching $4.06. The stock had a trading volume of 15,476 shares, compared to its average volume of 22,662. The firm has a market cap of $40.64 million, a PE ratio of -20.30 and a beta of 1.73. The firm has a 50 day simple moving average of $4.20 and a two-hundred day simple moving average of $4.10. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $7.97.

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.