TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Update

TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 13,000 shares, a drop of 27.4% from the September 30th total of 17,900 shares. Based on an average daily volume of 25,000 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on TransAct Technologies in a research note on Thursday, October 10th. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Silverberg Bernstein Capital Management LLC increased its position in shares of TransAct Technologies by 2.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after purchasing an additional 11,700 shares during the last quarter. Vanguard Group Inc. raised its stake in TransAct Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after buying an additional 3,821 shares in the last quarter. Gabelli Funds LLC lifted its holdings in TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after buying an additional 3,000 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in shares of 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 in the last quarter. Finally, Connors Investor Services Inc. increased its holdings in shares of TransAct Technologies by 56.5% in the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after acquiring an additional 9,999 shares during the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

TransAct Technologies Price Performance

Shares of NASDAQ TACT traded down $0.03 during midday trading on Tuesday, hitting $4.07. The company’s stock had a trading volume of 45,621 shares, compared to its average volume of 22,657. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97. The business’s fifty day simple moving average is $4.38 and its two-hundred day simple moving average is $4.14. The firm has a market capitalization of $40.68 million, a price-to-earnings ratio of 67.83 and a beta of 1.73.

TransAct Technologies (NASDAQ:TACT) last released its earnings results on Thursday, August 8th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.14. The firm had revenue of $11.60 million during the quarter, compared to analysts’ expectations of $10.25 million. TransAct Technologies had a negative return on equity of 1.31% and a negative net margin of 0.97%. During the same period in the previous year, the firm posted $0.22 EPS. Analysts anticipate that TransAct Technologies will post -0.26 EPS for the current fiscal year.

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.