TransAct Technologies Incorporated (NASDAQ:TACT) Sees Large Drop in Short Interest

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Silverberg Bernstein Capital Management LLC boosted its position in shares of TransAct Technologies by 2.9% in the first 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 period. Northern Trust Corp increased its holdings in TransAct Technologies by 33.8% in the 4th quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock valued at $217,000 after buying an additional 13,386 shares during the period. Dimensional Fund Advisors LP raised its position in TransAct Technologies by 2.3% during the fourth 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 in the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of TransAct Technologies by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after buying an additional 5,000 shares in the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new position in TransAct Technologies during the fourth quarter worth about $156,000. Institutional investors own 74.46% of the company’s stock.

TransAct Technologies Stock Performance

Shares of NASDAQ TACT opened at $3.51 on Friday. The stock has a market capitalization of $35.34 million, a PE ratio of -17.53 and a beta of 1.34. TransAct Technologies has a 52 week low of $3.32 and a 52 week high of $5.47. The stock has a 50 day moving average price of $3.84 and a 200 day moving average price of $4.11.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Thursday, March 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.03. TransAct Technologies had a negative net margin of 4.24% and a negative return on equity of 5.08%. The firm had revenue of $10.23 million during the quarter, compared to the consensus estimate of $10.37 million. As a group, research analysts forecast that TransAct Technologies will post -0.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of TransAct Technologies in a research note on Sunday, April 13th. They set 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.