TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Down 33.3% in November

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on TransAct Technologies in a research note on Thursday. They issued a “hold” rating for the company.

TransAct Technologies Trading Up 0.2 %

Shares of TACT stock traded up $0.01 on Friday, hitting $4.16. 3,120 shares of the stock were exchanged, compared to its average volume of 22,879. The firm has a market capitalization of $41.64 million, a P/E ratio of -20.75 and a beta of 1.74. The business has a 50-day moving average of $4.30 and a 200 day moving average of $4.06. TransAct Technologies has a fifty-two week low of $3.32 and a fifty-two week high of $7.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Connors Investor Services Inc. boosted its position in TransAct Technologies by 56.5% during the second 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. Essex Investment Management Co. LLC boosted its position in TransAct Technologies by 66.8% during the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock valued at $177,000 after purchasing an additional 14,599 shares during the last quarter. Gabelli Funds LLC boosted its position in TransAct Technologies by 8.6% during the second 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. Bard Associates Inc. boosted its position in TransAct Technologies by 2.3% during the third 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. Finally, Vanguard Group Inc. boosted its position in TransAct Technologies by 0.9% during the first 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. 74.46% of the stock is owned by institutional investors and hedge funds.

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.