Short Interest in TransAct Technologies Incorporated (NASDAQ:TACT) Grows By 69.4%

TransAct Technologies Incorporated (NASDAQ:TACT) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 14,400 shares, an increase of 69.4% from the February 28th total of 8,500 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 15,300 shares, the short-interest ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on TransAct Technologies in a report on Friday. They issued a “hold” rating for the company.

TransAct Technologies Stock Down 0.8 %

TACT traded down $0.03 during midday trading on Friday, hitting $3.80. 1,788 shares of the company traded hands, compared to its average volume of 20,885. The company’s 50-day moving average is $4.14 and its 200 day moving average is $4.22. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $5.47. The firm has a market capitalization of $38.31 million, a PE ratio of -19.00 and a beta of 1.80.

TransAct Technologies (NASDAQ:TACT) last issued its earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $10.23 million for the quarter, compared to analysts’ expectations of $10.37 million. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. On average, sell-side analysts predict that TransAct Technologies will post -0.3 earnings per share for the current fiscal year.

Institutional Trading of TransAct Technologies

Hedge funds have recently bought and sold shares of the company. Legato Capital Management LLC bought a new stake in TransAct Technologies during the fourth quarter valued at approximately $44,000. Essex Investment Management Co. LLC increased its stake in shares of TransAct Technologies by 20.3% in the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after purchasing an additional 7,402 shares in the last quarter. Quinn Opportunity Partners LLC bought a new position in TransAct Technologies in the 4th quarter worth $156,000. Gamco Investors INC. ET AL raised its holdings in TransAct Technologies by 3.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after purchasing an additional 5,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in TransAct Technologies by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after purchasing an additional 8,015 shares in the last quarter. Hedge funds and other institutional investors 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.