TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Update

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 6,600 shares, a decline of 46.3% from the May 15th total of 12,300 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 13,900 shares, the short-interest ratio is currently 0.5 days.

TransAct Technologies Trading Down 0.3%

TACT traded down $0.01 during trading hours on Monday, hitting $3.49. 22,406 shares of the company’s stock were exchanged, compared to its average volume of 18,676. The firm has a market cap of $35.18 million, a P/E ratio of -17.45 and a beta of 1.20. TransAct Technologies has a 12-month low of $3.12 and a 12-month high of $5.11. The firm has a 50 day moving average of $3.58 and a 200 day moving average of $3.93.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.10. The business had revenue of $13.05 million for the quarter, compared to analyst estimates of $11.04 million. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. As a group, research analysts expect that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On TransAct Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp increased its stake in shares of TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after buying an additional 13,386 shares during the period. Dimensional Fund Advisors LP increased its position in shares of TransAct Technologies by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock valued at $1,434,000 after purchasing an additional 8,015 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of TransAct Technologies by 20.3% in 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. Legato Capital Management LLC acquired a new stake in shares of TransAct Technologies in the 4th quarter valued at $44,000. Finally, Gamco Investors INC. ET AL grew its stake in shares of TransAct Technologies by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 74.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Roth Capital reaffirmed a “buy” rating on shares of TransAct Technologies in a research report on Wednesday, May 14th. Roth Mkm decreased their target price on TransAct Technologies from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, May 14th. Finally, Wall Street Zen assumed coverage on TransAct Technologies in a research report on Thursday, May 15th. They issued a “hold” rating for the company.

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.