TransAct Technologies Incorporated (NASDAQ:TACT) Sees Significant Decrease in Short Interest

TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 9,600 shares, a decrease of 33.3% from the October 31st total of 14,400 shares. Based on an average daily trading volume, of 24,300 shares, the short-interest ratio is presently 0.4 days.

TransAct Technologies Trading Up 0.2 %

Shares of NASDAQ:TACT traded up $0.01 during trading on Friday, reaching $4.16. The company had a trading volume of 3,120 shares, compared to its average volume of 22,879. The company has a fifty day moving average of $4.30 and a two-hundred day moving average of $4.06. The stock has a market capitalization of $41.64 million, a P/E ratio of -20.80 and a beta of 1.74. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.97.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of TransAct Technologies in a report on Thursday. They issued a “hold” rating on the stock.

Hedge Funds Weigh In On TransAct Technologies

A number of institutional investors have recently made changes to their positions in the stock. Gabelli Funds LLC grew its holdings in shares of TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after purchasing an additional 3,000 shares during the last quarter. Silverberg Bernstein Capital Management LLC grew its holdings in shares of TransAct Technologies by 0.7% during the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock valued at $1,555,000 after purchasing an additional 3,000 shares during the last quarter. Bard Associates Inc. grew its holdings in shares of TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after purchasing an additional 3,440 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of TransAct Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 3,821 shares during the last quarter. Finally, Connors Investor Services Inc. grew its holdings in shares of TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock valued at $104,000 after purchasing an additional 9,999 shares during the last quarter. 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.