TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Update

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TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 11,200 shares, a decline of 16.4% from the June 30th total of 13,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 20,000 shares, the short-interest ratio is currently 0.6 days.

Shares of NASDAQ TACT opened at $3.51 on Friday. TransAct Technologies has a 12-month low of $2.87 and a 12-month high of $12.95. The stock has a market cap of $26.47 million, a PE ratio of -20.65 and a beta of 1.99. The company has a current ratio of 3.24, a quick ratio of 1.30 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $4.51 and a 200 day moving average of $6.15.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.05). TransAct Technologies had a negative net margin of 2.75% and a negative return on equity of 4.61%. The business had revenue of $10.25 million for the quarter, compared to analysts’ expectations of $11.18 million.

Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in TransAct Technologies by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 413,600 shares of the technology company’s stock valued at $4,537,000 after purchasing an additional 9,834 shares during the last quarter. Cowen Prime Services LLC boosted its holdings in TransAct Technologies by 6.5% in the 1st quarter. Cowen Prime Services LLC now owns 305,810 shares of the technology company’s stock valued at $951,000 after purchasing an additional 18,793 shares during the last quarter. Granahan Investment Management Inc. MA boosted its holdings in TransAct Technologies by 95.9% in the 1st quarter. Granahan Investment Management Inc. MA now owns 81,094 shares of the technology company’s stock valued at $252,000 after purchasing an additional 39,695 shares during the last quarter. 1492 Capital Management LLC acquired a new position in TransAct Technologies in the 1st quarter valued at about $41,000. Finally, Wells Fargo & Company MN boosted its holdings in TransAct Technologies by 137.6% in the 1st quarter. Wells Fargo & Company MN now owns 9,199 shares of the technology company’s stock valued at $29,000 after purchasing an additional 5,327 shares during the last quarter. Institutional investors own 43.62% of the company’s stock.

A number of analysts have recently commented on TACT shares. ValuEngine cut shares of TransAct Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 1st. Zacks Investment Research cut shares of TransAct Technologies from a “hold” rating to a “sell” rating in a research note on Friday, July 24th.

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 and inkjet 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.

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