Short Interest in TransAct Technologies Incorporated (NASDAQ:TACT) Declines By 41.9%

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 2,500 shares, a decline of 41.9% from the January 15th total of 4,300 shares. Based on an average trading volume of 19,300 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of TransAct Technologies in a report on Saturday, February 8th. They issued a “hold” rating on the stock.

TransAct Technologies Stock Performance

Shares of TACT traded up $0.01 during mid-day trading on Thursday, hitting $4.36. The company’s stock had a trading volume of 2,504 shares, compared to its average volume of 14,609. The firm has a market capitalization of $43.64 million, a PE ratio of -21.80 and a beta of 1.73. TransAct Technologies has a one year low of $3.32 and a one year high of $7.57. The stock’s 50-day moving average is $4.28 and its two-hundred day moving average is $4.27.

Institutional Trading of TransAct Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Legato Capital Management LLC bought a new stake in TransAct Technologies during the fourth quarter worth about $44,000. Essex Investment Management Co. LLC increased its position in 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 acquiring an additional 7,402 shares in the last quarter. Finally, Bard Associates Inc. lifted its holdings in TransAct Technologies by 2.3% during the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after buying an additional 3,440 shares in the last quarter. 74.46% of the stock is currently owned by institutional investors.

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.