TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Up 69.4% in March

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

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of TransAct Technologies in a report on Friday. They set a “hold” rating on the stock.

TransAct Technologies Price Performance

Shares of NASDAQ TACT opened at $3.80 on Friday. The stock has a market capitalization of $38.31 million, a PE ratio of -19.00 and a beta of 1.80. The business has a fifty day moving average price of $4.14 and a two-hundred day moving average price of $4.22. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $5.47.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Thursday, March 13th. The technology company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. The business had revenue of $10.23 million during the quarter, compared to the consensus estimate of $10.37 million. On average, equities analysts expect that TransAct Technologies will post -0.3 EPS for the current year.

Institutional Trading of TransAct Technologies

Several institutional investors and hedge funds have recently modified their holdings of TACT. Legato Capital Management LLC bought a new position in TransAct Technologies in the fourth quarter valued at about $44,000. Quinn Opportunity Partners LLC acquired a new stake in shares of TransAct Technologies in the 4th quarter valued at approximately $156,000. Essex Investment Management Co. LLC grew its holdings in shares of TransAct Technologies by 20.3% during the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock valued at $179,000 after purchasing an additional 7,402 shares during the last quarter. Northern Trust Corp increased its position in TransAct Technologies by 33.8% during the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after purchasing an additional 13,386 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake 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 valued at $593,000 after purchasing an additional 5,000 shares during the last quarter. 74.46% of the stock is currently owned by institutional investors.

TransAct Technologies Company Profile

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.