TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Up 98.3% in December

TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 11,900 shares, a growth of 98.3% from the November 30th total of 6,000 shares. Based on an average daily trading volume, of 21,000 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on TransAct Technologies in a research note on Sunday, December 22nd. They issued a “hold” rating on the stock.

TransAct Technologies Price Performance

Shares of TACT stock traded up $0.03 during mid-day trading on Friday, hitting $4.14. The stock had a trading volume of 6,248 shares, compared to its average volume of 22,432. The firm has a market capitalization of $41.44 million, a P/E ratio of -20.70 and a beta of 1.73. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.97. The firm’s 50-day moving average is $4.13 and its two-hundred day moving average is $4.12.

Institutional Investors Weigh In On TransAct Technologies

Large investors have recently modified their holdings of the business. Essex Investment Management Co. LLC boosted its stake in shares of TransAct Technologies by 66.8% during the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after purchasing an additional 14,599 shares in the last quarter. Silverberg Bernstein Capital Management LLC boosted its position in 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. Connors Investor Services Inc. increased its holdings 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 acquiring an additional 9,999 shares during the period. Bard Associates Inc. lifted its stake in shares of TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after purchasing an additional 3,440 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 74.46% of the company’s stock.

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.