TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Up 140.0% in February

TransAct Technologies Incorporated (NASDAQ:TACT) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 6,000 shares, an increase 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 Trading Up 0.3 %

NASDAQ:TACT opened at $3.97 on Friday. The stock’s 50 day simple moving average is $4.33 and its 200-day simple moving average is $4.30. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.13. The firm has a market cap of $39.74 million, a P/E ratio of -19.85 and a beta of 1.73.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of TransAct Technologies in a research note on Monday, February 24th. They set a “hold” rating for the company.

Hedge Funds Weigh In On TransAct Technologies

A number of large investors have recently bought and sold shares of the company. Bard Associates Inc. increased its stake 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 acquiring an additional 3,440 shares during the period. Gamco Investors INC. ET AL boosted its holdings 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 in the last quarter. Essex Investment Management Co. LLC increased its position in 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 worth $179,000 after purchasing an additional 7,402 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of TransAct Technologies by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after buying an additional 8,015 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new position in shares of TransAct Technologies during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors 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.