TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 33,600 shares, an increase of 7.7% from the September 30th total of 31,200 shares. Based on an average trading volume of 8,600 shares, the days-to-cover ratio is currently 3.9 days. Currently, 0.5% of the shares of the stock are short sold.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HM Payson & Co. purchased a new stake in TransAct Technologies in the 2nd quarter valued at $70,000. Connors Investor Services Inc. increased its position in shares of TransAct Technologies by 48.3% during the 2nd quarter. Connors Investor Services Inc. now owns 30,710 shares of the technology company’s stock valued at $346,000 after purchasing an additional 10,000 shares during the last quarter. BlackRock Inc. increased its position in shares of TransAct Technologies by 0.9% during the 2nd quarter. BlackRock Inc. now owns 282,231 shares of the technology company’s stock valued at $3,177,000 after purchasing an additional 2,504 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of TransAct Technologies by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 424,429 shares of the technology company’s stock valued at $4,779,000 after purchasing an additional 1,429 shares during the last quarter. Finally, M&T Bank Corp increased its position in shares of TransAct Technologies by 12.5% during the 2nd quarter. M&T Bank Corp now owns 27,000 shares of the technology company’s stock valued at $304,000 after purchasing an additional 3,000 shares during the last quarter. 41.43% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:TACT traded down $0.03 during midday trading on Monday, hitting $11.50. 200 shares of the stock were exchanged, compared to its average volume of 10,391. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.64 and a current ratio of 3.52. TransAct Technologies has a 12 month low of $8.40 and a 12 month high of $13.59. The business’s 50-day moving average price is $11.91 and its 200 day moving average price is $11.22. The stock has a market capitalization of $85.60 million, a price-to-earnings ratio of 39.52 and a beta of 1.14.
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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