TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Up 98.3% in December

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 11,900 shares, a growth of 98.3% from the November 30th total of 6,000 shares. Based on an average daily trading volume, of 21,000 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of TransAct Technologies

Several large investors have recently modified their holdings of the company. Connors Investor Services Inc. boosted its position in TransAct Technologies by 56.5% in the second quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after purchasing an additional 9,999 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in shares of 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 buying an additional 14,599 shares during the last quarter. Gabelli Funds LLC grew 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 buying an additional 3,000 shares during the period. Bard Associates Inc. increased its holdings 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 buying an additional 3,440 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its position 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 acquiring an additional 11,700 shares during the period. Institutional investors own 74.46% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on TransAct Technologies in a report on Sunday, December 22nd. They issued a “hold” rating for the company.

TransAct Technologies Trading Up 0.7 %

TACT stock traded up $0.03 on Friday, hitting $4.14. The company had a trading volume of 6,248 shares, compared to its average volume of 22,432. The stock has a market cap of $41.44 million, a price-to-earnings ratio of -20.70 and a beta of 1.73. The stock’s 50-day simple moving average is $4.13 and its 200 day simple moving average is $4.12. TransAct Technologies has a 12-month low of $3.32 and a 12-month high of $7.97.

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.