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

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 69,400 shares, an increase of 736.1% from the February 29th total of 8,300 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 20,600 shares, the short-interest ratio is currently 3.4 days.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TACT. StockNews.com downgraded shares of TransAct Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 9th. Craig Hallum reduced their target price on TransAct Technologies from $10.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, March 13th.

Insider Activity at TransAct Technologies

In other TransAct Technologies news, major shareholder B. Riley Financial, Inc. sold 13,521 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $7.70, for a total value of $104,111.70. Following the transaction, the insider now owns 194,215 shares of the company’s stock, valued at $1,495,455.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 55,288 shares of company stock valued at $418,151 over the last ninety days. Insiders own 14.88% of the company’s stock.

Institutional Investors Weigh In On TransAct Technologies

Large investors have recently added to or reduced their stakes in the stock. Silverberg Bernstein Capital Management LLC bought a new stake in shares of TransAct Technologies in the fourth quarter valued at approximately $2,873,000. Gamco Investors INC. ET AL boosted its holdings in TransAct Technologies by 65.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 132,000 shares of the technology company’s stock valued at $921,000 after purchasing an additional 52,000 shares during the period. Renaissance Technologies LLC grew its position in TransAct Technologies by 11.6% in the 2nd quarter. Renaissance Technologies LLC now owns 382,636 shares of the technology company’s stock worth $1,523,000 after purchasing an additional 39,773 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of TransAct Technologies during the 2nd quarter worth about $199,000. Finally, Vanguard Group Inc. lifted its position in shares of TransAct Technologies by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 402,171 shares of the technology company’s stock worth $1,467,000 after buying an additional 20,800 shares during the period. Institutional investors own 74.46% of the company’s stock.

TransAct Technologies Stock Down 1.9 %

Shares of NASDAQ:TACT traded down $0.10 on Friday, reaching $5.24. The company had a trading volume of 39,928 shares, compared to its average volume of 23,314. The stock has a market capitalization of $52.19 million, a P/E ratio of 11.15 and a beta of 1.91. The stock has a 50-day moving average price of $6.80 and a 200 day moving average price of $6.73. TransAct Technologies has a twelve month low of $4.92 and a twelve month high of $9.44.

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.