TransAct Technologies Incorporated (NASDAQ:TACT) Short Interest Down 16.1% in June

TransAct Technologies Incorporated (NASDAQ:TACT) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 42,600 shares, a drop of 16.1% from the May 31st total of 50,800 shares. Based on an average daily trading volume, of 23,700 shares, the short-interest ratio is presently 1.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Bard Associates Inc. increased its position in TransAct Technologies by 1.1% during the 4th quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after purchasing an additional 1,750 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of TransAct Technologies by 15.0% in the 4th quarter. Summit Trail Advisors LLC now owns 18,983 shares of the technology company’s stock valued at $133,000 after buying an additional 2,483 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of TransAct Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after buying an additional 3,821 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of TransAct Technologies in the 4th quarter valued at about $73,000. Finally, Bard Financial Services Inc. purchased a new position in TransAct Technologies in the first quarter worth $79,000. Hedge funds and other institutional investors own 74.46% of the company’s stock.

TransAct Technologies Stock Performance

NASDAQ TACT opened at $3.77 on Monday. The company has a market capitalization of $37.66 million, a price-to-earnings ratio of 62.83 and a beta of 1.72. The company’s 50-day simple moving average is $3.96 and its two-hundred day simple moving average is $5.67. TransAct Technologies has a one year low of $3.32 and a one year high of $9.32.

TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Tuesday, May 7th. The technology company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. The business had revenue of $10.69 million for the quarter, compared to the consensus estimate of $11.20 million. TransAct Technologies had a net margin of 0.94% and a return on equity of 5.06%. Equities analysts expect that TransAct Technologies will post -0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on TACT. Craig Hallum reduced their price target on shares of TransAct Technologies from $9.00 to $7.50 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. StockNews.com began coverage on shares of TransAct Technologies in a research note on Friday. They issued a “buy” rating on the 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.