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

TransAct Technologies Incorporated (NASDAQ:TACT) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 42,600 shares, a decrease 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 currently 1.8 days.

TransAct Technologies Trading Down 1.3 %

TACT stock opened at $3.77 on Monday. The stock has a market cap of $37.66 million, a PE ratio of 62.83 and a beta of 1.72. The stock has a 50-day moving average price of $3.96 and a two-hundred day moving average price of $5.67. TransAct Technologies has a 1 year low of $3.32 and a 1 year high of $9.32.

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

Hedge Funds Weigh In On TransAct Technologies

Hedge funds have recently modified their holdings of the stock. Silverberg Bernstein Capital Management LLC acquired a new stake in TransAct Technologies in the 4th quarter valued at about $2,873,000. Vanguard Group Inc. lifted its position in TransAct Technologies by 0.9% during the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after acquiring an additional 3,821 shares during the last quarter. Bard Associates Inc. lifted its position in TransAct Technologies by 1.1% during the fourth quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock worth $1,089,000 after acquiring an additional 1,750 shares during the last quarter. Summit Trail Advisors LLC lifted its position in TransAct Technologies by 15.0% during the fourth quarter. Summit Trail Advisors LLC now owns 18,983 shares of the technology company’s stock worth $133,000 after acquiring an additional 2,483 shares during the last quarter. Finally, Heron Bay Capital Management acquired a new stake in TransAct Technologies during the fourth quarter worth approximately $116,000. Institutional investors own 74.46% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TACT. StockNews.com began coverage on TransAct Technologies in a report on Friday. They set a “buy” rating for the company. Craig Hallum lowered their target price on TransAct Technologies from $9.00 to $7.50 and set a “buy” rating for the company in a report on Wednesday, May 8th.

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.