TransAct Technologies Incorporated (NASDAQ:TACT) Sees Significant Drop in Short Interest

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 8,600 shares, a decrease of 27.7% from the December 15th total of 11,900 shares. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is currently 0.4 days.

TransAct Technologies Stock Up 1.7 %

NASDAQ TACT traded up $0.07 on Friday, reaching $4.55. The stock had a trading volume of 7,334 shares, compared to its average volume of 20,358. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.97. The stock has a fifty day moving average price of $4.15 and a two-hundred day moving average price of $4.18. The firm has a market capitalization of $45.59 million, a price-to-earnings ratio of -22.77 and a beta of 1.73.

Hedge Funds Weigh In On TransAct Technologies

Hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC grew its position in TransAct Technologies by 8.6% in the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,000 shares in the last quarter. Bard Associates Inc. lifted its stake in TransAct Technologies by 2.3% in the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after acquiring an additional 3,440 shares during the last quarter. Connors Investor Services Inc. increased its position in shares of TransAct Technologies by 56.5% in the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after purchasing an additional 9,999 shares during the last quarter. Silverberg Bernstein Capital Management LLC raised its holdings in shares of TransAct Technologies by 2.8% in the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock valued at $2,061,000 after purchasing an additional 11,700 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position in shares of TransAct Technologies by 66.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock worth $177,000 after purchasing an additional 14,599 shares during the last quarter. Institutional investors and hedge funds own 74.46% of the company’s stock.

Analyst Ratings Changes

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