TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Down 43.1% in March

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of TransAct Technologies in a report on Sunday, April 13th. They issued a “hold” rating for the company.

TransAct Technologies Price Performance

TACT stock traded up $0.05 during trading on Friday, hitting $3.51. The stock had a trading volume of 658 shares, compared to its average volume of 20,447. The company’s 50-day moving average price is $3.86 and its two-hundred day moving average price is $4.12. TransAct Technologies has a twelve month low of $3.32 and a twelve month high of $5.47. The stock has a market capitalization of $35.34 million, a P/E ratio of -17.53 and a beta of 1.34.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Thursday, March 13th. The technology company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The firm had revenue of $10.23 million for the quarter, compared to analysts’ expectations of $10.37 million. TransAct Technologies had a negative return on equity of 5.08% and a negative net margin of 4.24%. As a group, sell-side analysts expect that TransAct Technologies will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

Institutional investors have recently added to or reduced their stakes in the business. Silverberg Bernstein Capital Management LLC raised its stake in TransAct Technologies by 2.9% during the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 414,970 shares of the technology company’s stock valued at $1,527,000 after acquiring an additional 11,642 shares during the last quarter. Northern Trust Corp boosted 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 valued at $217,000 after acquiring an additional 13,386 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in TransAct Technologies by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after acquiring an additional 8,015 shares during the period. Gamco Investors INC. ET AL grew 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 buying an additional 5,000 shares during the period. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of TransAct Technologies during the 4th quarter valued at $156,000. Hedge funds and other 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.