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

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

Institutional Trading of TransAct Technologies

Institutional investors have recently modified their holdings of the company. Bard Associates Inc. boosted its stake in TransAct Technologies by 2.3% in the 3rd quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock valued at $756,000 after buying an additional 3,440 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in TransAct Technologies by 66.8% in the third quarter. Essex Investment Management Co. LLC now owns 36,439 shares of the technology company’s stock worth $177,000 after purchasing an additional 14,599 shares in the last quarter. Silverberg Bernstein Capital Management LLC boosted its stake in TransAct Technologies by 2.8% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 424,090 shares of the technology company’s stock worth $2,061,000 after purchasing an additional 11,700 shares in the last quarter. Gabelli Funds LLC raised its position in shares of TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Connors Investor Services Inc. raised its position in shares of TransAct Technologies by 56.5% during the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after acquiring an additional 9,999 shares during the last quarter. Institutional investors and hedge funds own 74.46% of the company’s stock.

Wall Street Analyst Weigh In

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

TransAct Technologies Stock Performance

Shares of NASDAQ:TACT traded up $0.01 during trading on Friday, hitting $4.16. 3,120 shares of the stock were exchanged, compared to its average volume of 22,879. TransAct Technologies has a 1-year low of $3.32 and a 1-year high of $7.97. The company has a market capitalization of $41.64 million, a price-to-earnings ratio of -20.75 and a beta of 1.74. The company’s fifty day simple moving average is $4.30 and its 200-day simple moving average is $4.06.

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.