TransAct Technologies Incorporated (NASDAQ:TACT) Stock Short Interest Report for September

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 23,905 shares, a decrease of 48.6% from the September 15th total of 46,517 shares. Based on an average daily volume of 18,463 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.3% of the shares of the stock are short sold.

TransAct Technologies Trading Down 5.4%

Shares of TACT traded down $0.25 on Friday, reaching $4.35. 13,320 shares of the company’s stock were exchanged, compared to its average volume of 45,150. The business has a 50 day moving average price of $4.99 and a two-hundred day moving average price of $4.60. TransAct Technologies has a 12 month low of $3.06 and a 12 month high of $6.02. The stock has a market capitalization of $44.91 million, a P/E ratio of -108.75 and a beta of 1.25.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Globeflex Capital L P acquired a new position in TransAct Technologies in the second quarter valued at about $258,000. Bard Associates Inc. acquired a new stake in TransAct Technologies in the second quarter worth $597,000. BlackRock Inc. acquired a new position in shares of TransAct Technologies in the 2nd quarter valued at $1,413,000. NewEdge Advisors LLC increased its position in shares of TransAct Technologies by 53.1% in the 1st quarter. NewEdge Advisors LLC now owns 135,920 shares of the technology company’s stock valued at $447,000 after buying an additional 47,138 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in TransAct Technologies by 3.4% during the first quarter. Gamco Investors INC. ET AL now owns 150,000 shares of the technology company’s stock worth $494,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 74.46% of the company’s stock.

Analyst Upgrades and Downgrades

TACT has been the topic of several research reports. Wall Street Zen raised TransAct Technologies to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings upgraded TransAct Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

About TransAct Technologies

TransAct Technologies Incorporated develops and supplies transaction-based technology products and related services for specialized markets. The company designs, manufactures and supports thermal printers, print heads, software and other solutions used to produce receipts, tickets, coupons and other transaction documents.

Its products serve the gaming and lottery industries, including casino printers, ticketing solutions and systems designed to support casino operations. TransAct also provides solutions for food-service businesses, including its BOHA! ecosystem, which combines hardware, software and digital tools to help restaurants and other food-service operators manage operational tasks, food safety and compliance.

TransAct serves customers in North America and international markets through direct sales, distributors and other business relationships.