Short Interest in TransAct Technologies Incorporated (NASDAQ:TACT) Declines By 37.5%

TransAct Technologies Incorporated (NASDAQ:TACT) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 6,000 shares, a drop of 37.5% from the November 15th total of 9,600 shares. Based on an average daily volume of 23,000 shares, the days-to-cover ratio is currently 0.3 days.

TransAct Technologies Stock Down 2.2 %

Shares of TACT opened at $4.06 on Friday. The firm has a market cap of $40.64 million, a PE ratio of -20.30 and a beta of 1.73. The company’s fifty day moving average is $4.20 and its two-hundred day moving average is $4.10. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97.

Hedge Funds Weigh In On TransAct Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in TACT. Vanguard Group Inc. lifted its holdings in shares of TransAct Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after acquiring an additional 3,821 shares in the last quarter. Connors Investor Services Inc. lifted its holdings in shares of TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after acquiring an additional 9,999 shares in the last quarter. Gabelli Funds LLC lifted 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 valued at $143,000 after acquiring an additional 3,000 shares in the last quarter. Silverberg Bernstein Capital Management LLC lifted its holdings in shares of TransAct Technologies by 2.8% during 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 acquiring an additional 11,700 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its holdings 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 valued at $177,000 after acquiring an additional 14,599 shares in the last quarter. Institutional investors and hedge funds own 74.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of TransAct Technologies in a report on Saturday. They issued 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.