Short Interest in TransAct Technologies Incorporated (NASDAQ:TACT) Increases By 153.3%

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 7,600 shares, a growth of 153.3% from the September 15th total of 3,000 shares. Based on an average trading volume of 50,800 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 50,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of TransAct Technologies

An institutional investor recently raised its position in TransAct Technologies stock. Silverberg Bernstein Capital Management LLC raised its holdings in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 31.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 544,259 shares of the technology company’s stock after buying an additional 129,289 shares during the period. TransAct Technologies comprises approximately 1.4% of Silverberg Bernstein Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Silverberg Bernstein Capital Management LLC owned approximately 5.40% of TransAct Technologies worth $1,992,000 as of its most recent SEC filing. 74.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of TransAct Technologies in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TransAct Technologies has a consensus rating of “Hold” and a consensus price target of $5.00.

TransAct Technologies Stock Performance

Shares of NASDAQ:TACT opened at $4.61 on Friday. The stock has a market capitalization of $46.52 million, a price-to-earnings ratio of -5.36 and a beta of 1.09. TransAct Technologies has a 1-year low of $3.12 and a 1-year high of $5.70. The company has a 50 day moving average price of $4.74 and a 200 day moving average price of $4.02.

TransAct Technologies (NASDAQ:TACT) last issued its earnings results on Wednesday, August 6th. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The firm had revenue of $13.80 million during the quarter, compared to analysts’ expectations of $12.55 million. TransAct Technologies had a negative net margin of 18.00% and a negative return on equity of 4.02%. On average, sell-side analysts expect that TransAct Technologies will post -0.3 EPS for the current fiscal year.

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.