TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Update

TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 8,500 shares, an increase of 41.7% from the February 13th total of 6,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 14,800 shares, the days-to-cover ratio is presently 0.6 days.

TransAct Technologies Stock Up 3.3 %

TACT stock opened at $3.72 on Monday. The company has a market capitalization of $37.24 million, a price-to-earnings ratio of -18.60 and a beta of 1.80. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $5.86. The firm has a 50 day moving average of $4.26 and a two-hundred day moving average of $4.25.

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

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of TransAct Technologies in a research report on Wednesday, March 12th. They issued a “hold” rating for the company.

Institutional Trading of TransAct Technologies

Several large investors have recently modified their holdings of the company. Northern Trust Corp boosted its holdings in shares of TransAct Technologies by 33.8% during the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after buying an additional 13,386 shares during the period. Dimensional Fund Advisors LP boosted its holdings in TransAct Technologies by 2.3% in the 4th 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 during the period. Gamco Investors INC. ET AL boosted its holdings in TransAct Technologies by 3.6% in 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 during the period. Quinn Opportunity Partners LLC bought a new stake in TransAct Technologies in the 4th quarter valued at $156,000. Finally, Essex Investment Management Co. LLC boosted its holdings 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 valued at $179,000 after purchasing an additional 7,402 shares during the period. 74.46% 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 printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.