Short Interest in TransAct Technologies Incorporated (NASDAQ:TACT) Declines By 43.1%

TransAct Technologies Incorporated (NASDAQ:TACT) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 8,200 shares, a decline of 43.1% from the March 15th total of 14,400 shares. Based on an average trading volume of 14,400 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on TransAct Technologies in a research note on Sunday, April 13th. They issued a “hold” rating on the stock.

TransAct Technologies Price Performance

TACT traded up $0.05 during trading on Friday, hitting $3.51. 658 shares of the stock traded hands, compared to its average volume of 20,447. The firm has a market capitalization of $35.34 million, a P/E ratio of -17.53 and a beta of 1.34. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $5.47. The firm has a 50-day moving average of $3.86 and a 200 day moving average of $4.12.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Thursday, March 13th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $10.23 million during the quarter, compared to analyst estimates of $10.37 million. As a group, equities analysts predict that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

A number of institutional investors have recently modified their holdings of the stock. Legato Capital Management LLC bought a new position in TransAct Technologies during the fourth quarter valued at approximately $44,000. Essex Investment Management Co. LLC raised its stake in 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 valued at $179,000 after purchasing an additional 7,402 shares in the last quarter. Quinn Opportunity Partners LLC bought a new stake in shares of TransAct Technologies in the 4th quarter valued at approximately $156,000. Gamco Investors INC. ET AL raised its stake 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 valued at $593,000 after acquiring an additional 5,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in TransAct Technologies by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after purchasing an additional 8,015 shares during the last quarter. 74.46% of the stock is owned by hedge funds and other institutional investors.

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.