TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Update

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

Analysts Set New Price Targets

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

TransAct Technologies Price Performance

TACT stock opened at $3.72 on Monday. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $5.86. The firm has a market cap of $37.24 million, a PE ratio of -18.60 and a beta of 1.80. The firm has a 50 day simple moving average of $4.26 and a 200 day simple moving average of $4.25.

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

Institutional Investors Weigh In On TransAct Technologies

Large investors have recently made changes to their positions in the company. Legato Capital Management LLC acquired a new stake in shares of TransAct Technologies during the fourth quarter valued at approximately $44,000. Quinn Opportunity Partners LLC acquired a new stake in shares of TransAct Technologies during the fourth quarter valued at approximately $156,000. Essex Investment Management Co. LLC raised its holdings in shares of 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 valued at $179,000 after acquiring an additional 7,402 shares during the period. Northern Trust Corp raised its holdings in shares of TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after acquiring an additional 13,386 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in shares of TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock valued at $593,000 after acquiring an additional 5,000 shares during the period. Institutional investors and hedge funds own 74.46% of the company’s stock.

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.