Short Interest in TransAct Technologies Incorporated (NASDAQ:TACT) Declines By 28.3%

TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 51,900 shares, a decline of 28.3% from the August 15th total of 72,400 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 23,200 shares, the short-interest ratio is currently 2.2 days.

TransAct Technologies Stock Down 7.1 %

TACT stock traded down $0.49 during trading on Friday, hitting $6.40. The company had a trading volume of 73,994 shares, compared to its average volume of 16,319. The firm has a 50-day moving average price of $7.67 and a 200-day moving average price of $7.30. TransAct Technologies has a 12 month low of $3.60 and a 12 month high of $9.44. The stock has a market cap of $63.74 million, a price-to-earnings ratio of 13.62 and a beta of 1.84.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.11. TransAct Technologies had a net margin of 6.02% and a return on equity of 17.08%. The firm had revenue of $19.91 million during the quarter, compared to analysts’ expectations of $19.50 million. Equities analysts expect that TransAct Technologies will post 0.45 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of TransAct Technologies in a research report on Thursday, August 17th. They issued a “strong-buy” rating for the company.

Institutional Trading of TransAct Technologies

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada acquired a new stake in TransAct Technologies during the 2nd quarter worth $99,000. Citadel Advisors LLC acquired a new stake in TransAct Technologies during the 2nd quarter worth $199,000. Renaissance Technologies LLC grew its holdings in TransAct Technologies by 5.0% during the 2nd quarter. Renaissance Technologies LLC now owns 336,237 shares of the technology company’s stock worth $3,013,000 after acquiring an additional 16,000 shares during the period. Geode Capital Management LLC grew its holdings in TransAct Technologies by 23.5% during the 2nd quarter. Geode Capital Management LLC now owns 84,176 shares of the technology company’s stock worth $754,000 after acquiring an additional 16,042 shares during the period. Finally, Northern Trust Corp grew its holdings in TransAct Technologies by 15.7% during the 2nd quarter. Northern Trust Corp now owns 26,664 shares of the technology company’s stock worth $239,000 after acquiring an additional 3,610 shares during the period. Institutional investors and hedge funds own 61.06% of the company’s stock.

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, as well as printed logging and plotting of data.