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 during the month of 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 currently 0.4 days.

TransAct Technologies Stock Up 0.2 %

Shares of NASDAQ:TACT traded up $0.01 on Friday, hitting $4.16. The company had a trading volume of 3,120 shares, compared to its average volume of 22,879. The firm’s 50-day simple moving average is $4.30 and its two-hundred day simple moving average is $4.06. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $7.97. The firm has a market capitalization of $41.64 million, a price-to-earnings ratio of -20.80 and a beta of 1.74.

Institutional Investors Weigh In On TransAct Technologies

Several institutional investors and hedge funds have recently modified their holdings of TACT. Gabelli Funds LLC lifted its position in TransAct Technologies by 8.6% during the 2nd quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,000 shares during the period. Silverberg Bernstein Capital Management LLC raised its holdings in TransAct Technologies by 0.7% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after buying an additional 3,000 shares during the last quarter. Bard Associates Inc. raised its holdings in TransAct Technologies by 2.3% in the third quarter. Bard Associates Inc. now owns 155,575 shares of the technology company’s stock worth $756,000 after buying an additional 3,440 shares during the last quarter. Vanguard Group Inc. raised its holdings in TransAct Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after buying an additional 3,821 shares during the last quarter. Finally, Connors Investor Services Inc. raised its holdings 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 buying an additional 9,999 shares during the last quarter. 74.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of TransAct Technologies in a research report on Thursday. They issued a “hold” rating for the company.

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.