Short Interest in TransAct Technologies Incorporated (NASDAQ:TACT) Rises By 153.3%

TransAct Technologies Incorporated (NASDAQ:TACT) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 7,600 shares, a growth of 153.3% from the September 15th total of 3,000 shares. Based on an average daily volume of 50,800 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 50,800 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TransAct Technologies in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TransAct Technologies currently has an average rating of “Hold” and an average target price of $5.00.

TransAct Technologies Stock Down 3.6%

TACT stock opened at $4.61 on Friday. TransAct Technologies has a 12-month low of $3.12 and a 12-month high of $5.70. The company has a market cap of $46.52 million, a price-to-earnings ratio of -5.36 and a beta of 1.09. The company has a 50 day moving average of $4.74 and a two-hundred day moving average of $4.02.

TransAct Technologies (NASDAQ:TACT) last released its earnings results on Wednesday, August 6th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. TransAct Technologies had a negative net margin of 18.00% and a negative return on equity of 4.02%. The company had revenue of $13.80 million during the quarter, compared to the consensus estimate of $12.55 million. On average, research analysts anticipate that TransAct Technologies will post -0.3 EPS for the current year.

Institutional Investors Weigh In On TransAct Technologies

An institutional investor recently raised its position in TransAct Technologies stock. Silverberg Bernstein Capital Management LLC boosted its stake in TransAct Technologies Incorporated (NASDAQ:TACT) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 588,790 shares of the technology company’s stock after buying an additional 44,531 shares during the quarter. TransAct Technologies makes up about 1.9% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 14th biggest position. Silverberg Bernstein Capital Management LLC owned approximately 5.83% of TransAct Technologies worth $3,191,000 as of its most recent filing with the Securities & Exchange Commission. 74.46% of the stock is owned by hedge funds and other institutional investors.

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.