TransAct Technologies Incorporated (NASDAQ:TACT) Sees Large Growth in Short Interest

TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 14,400 shares, an increase of 69.4% from the February 28th total of 8,500 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 15,300 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On TransAct Technologies

Hedge funds have recently bought and sold shares of the stock. Essex Investment Management Co. LLC boosted its holdings in TransAct Technologies by 20.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after buying an additional 7,402 shares in the last quarter. Legato Capital Management LLC purchased a new stake in TransAct Technologies during the 4th quarter worth approximately $44,000. Northern Trust Corp lifted its holdings in 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 in the last quarter. Dimensional Fund Advisors LP boosted its position 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 buying an additional 8,015 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in TransAct Technologies by 3.6% in the fourth 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. Hedge funds and other institutional investors own 74.46% of the company’s stock.

TransAct Technologies Price Performance

NASDAQ:TACT traded down $0.18 during midday trading on Monday, hitting $3.65. The company’s stock had a trading volume of 1,788 shares, compared to its average volume of 20,802. The firm’s 50 day moving average is $4.14 and its 200-day moving average is $4.22. The firm has a market cap of $36.81 million, a P/E ratio of -18.25 and a beta of 1.80. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $5.47.

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

Analyst Ratings Changes

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

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.