TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Up 98.3% in December

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 11,900 shares, an increase of 98.3% from the November 30th total of 6,000 shares. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of TransAct Technologies in a research report on Sunday, December 22nd. They set a “hold” rating for the company.

TransAct Technologies Stock Performance

Shares of TACT traded up $0.03 during mid-day trading on Friday, hitting $4.14. The company’s stock had a trading volume of 11,588 shares, compared to its average volume of 22,454. TransAct Technologies has a one year low of $3.32 and a one year high of $7.97. The stock’s 50-day moving average is $4.12 and its two-hundred day moving average is $4.12. The firm has a market capitalization of $41.44 million, a PE ratio of -20.70 and a beta of 1.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Connors Investor Services Inc. grew its position in TransAct Technologies by 56.5% during the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after buying an additional 9,999 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of 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 purchasing an additional 3,000 shares in the last quarter. Essex Investment Management Co. LLC increased its position 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 valued at $177,000 after purchasing an additional 14,599 shares during the period. Bard Associates Inc. raised its stake in shares of TransAct Technologies by 2.3% in the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after purchasing an additional 3,440 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC lifted its position in TransAct Technologies by 2.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 11,700 shares during the period. Institutional investors own 74.46% of the company’s stock.

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.