Short Interest in TransAct Technologies Incorporated (NASDAQ:TACT) Increases By 140.0%

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 6,000 shares, a growth of 140.0% from the January 31st total of 2,500 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is currently 0.4 days.

TransAct Technologies Stock Up 0.3 %

Shares of TACT traded up $0.01 during midday trading on Friday, reaching $3.97. 8,506 shares of the stock were exchanged, compared to its average volume of 13,467. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $7.13. The company has a market cap of $39.74 million, a P/E ratio of -19.85 and a beta of 1.73. The stock’s 50 day simple moving average is $4.33 and its 200 day simple moving average is $4.30.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on TransAct Technologies in a report on Monday, February 24th. They set a “hold” rating for the company.

Institutional Investors Weigh In On TransAct Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of TACT. Bard Associates Inc. lifted its holdings in shares of TransAct Technologies by 2.3% during the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after buying an additional 3,440 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of TransAct Technologies during the fourth quarter worth $44,000. Essex Investment Management Co. LLC lifted 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 worth $179,000 after buying an additional 7,402 shares in the last quarter. Quinn Opportunity Partners LLC bought a new position in shares of TransAct Technologies in the fourth quarter worth $156,000. Finally, Gamco Investors INC. ET AL increased its position in shares of TransAct Technologies by 3.6% in the fourth 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. 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.