TransAct Technologies Incorporated (NASDAQ:TACT) Stock Short Interest Report for September

TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 23,905 shares, a decrease of 48.6% from the September 15th total of 46,517 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 18,463 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of TransAct Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its holdings in shares of TransAct Technologies by 3.4% in the first quarter. Gamco Investors INC. ET AL now owns 150,000 shares of the technology company’s stock worth $494,000 after purchasing an additional 5,000 shares during the last quarter. Silverberg Bernstein Capital Management LLC increased its stake in TransAct Technologies by 1.7% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 591,179 shares of the technology company’s stock worth $1,945,000 after acquiring an additional 10,156 shares during the last quarter. NewEdge Advisors LLC increased its stake in TransAct Technologies by 35.3% during the first quarter. NewEdge Advisors LLC now owns 120,145 shares of the technology company’s stock worth $395,000 after acquiring an additional 31,363 shares during the last quarter. Globeflex Capital L P purchased a new stake in TransAct Technologies during the second quarter valued at approximately $258,000. Finally, Bard Associates Inc. purchased a new stake in TransAct Technologies during the second quarter valued at approximately $597,000. Hedge funds and other institutional investors own 74.46% of the company’s stock.

Wall Street Analysts Forecast Growth

TACT has been the topic of a number of analyst reports. Wall Street Zen raised TransAct Technologies to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings upgraded TransAct Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TransAct Technologies currently has an average rating of “Reduce”.

TransAct Technologies Trading Up 2.9%

TACT stock traded up $0.13 during midday trading on Thursday, hitting $4.68. The company’s stock had a trading volume of 5,240 shares, compared to its average volume of 45,162. TransAct Technologies has a 12 month low of $3.06 and a 12 month high of $6.02. The firm’s 50-day moving average is $5.01 and its 200-day moving average is $4.59. The company has a market cap of $48.34 million, a PE ratio of -117.10 and a beta of 1.25.

About TransAct Technologies

TransAct Technologies Incorporated develops and supplies transaction-based technology products and related services for specialized markets. The company designs, manufactures and supports thermal printers, print heads, software and other solutions used to produce receipts, tickets, coupons and other transaction documents.

Its products serve the gaming and lottery industries, including casino printers, ticketing solutions and systems designed to support casino operations. TransAct also provides solutions for food-service businesses, including its BOHA! ecosystem, which combines hardware, software and digital tools to help restaurants and other food-service operators manage operational tasks, food safety and compliance.

TransAct serves customers in North America and international markets through direct sales, distributors and other business relationships.