Short Interest Alert: Transact Tech Incorporated (NASDAQ:TACT) Just Reported Increased Shorts

November 17, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Alert: Transact Tech Incorporated (NASDAQ:TACT) Just Reported Increased Shorts

The stock of Transact Tech Incorporated (NASDAQ:TACT) registered an increase of 163.33% in short interest. TACT’s total short interest was 7,900 shares in November as published by FINRA. Its up 163.33% from 3,000 shares, reported previously. With 16,200 shares average volume, it will take short sellers 1 days to cover their TACT’s short positions. The short interest to Transact Tech Incorporated’s float is 0.12%. The stock increased 1.23% or $0.08 on November 16, hitting $6.6. TransAct Technologies Incorporated (NASDAQ:TACT) has declined 19.81% since April 15, 2016 and is downtrending. It has underperformed by 24.43% the S&P500.

TransAct Technologies Incorporated designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction and other industries. The company has a market cap of $49.86 million. The Firm operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts. It has a 18.25 P/E ratio. The Company’s thermal, inkjet and impact printers and terminals generate labels and transaction records, such as receipts, tickets, coupons, register journals and other documents, as well as printed logging, and plotting of oil field and well drilling data.

Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.01, from 1.06 in 2016Q1. The ratio is positive, as 6 funds sold all TransAct Technologies Incorporated shares owned while 9 reduced positions. 5 funds bought stakes while 11 increased positions. They now own 2.63 million shares or 5.34% less from 2.78 million shares in 2016Q1.
Eagle Global Advsrs Ltd Liability Company, a Texas-based fund reported 50,152 shares. Vanguard Gru Inc reported 337,144 shares or 0% of all its holdings. Blackrock Advisors Limited Com holds 0% or 2,692 shares in its portfolio. Mufg Americas, a New York-based fund reported 1,310 shares. Blackrock Fund Advsrs accumulated 21,524 shares or 0% of the stock. Gabelli Funds Limited Liability has 33,050 shares for 0% of their US portfolio. First Personal Finance Services holds 0.01% of its portfolio in TransAct Technologies Incorporated (NASDAQ:TACT) for 5,239 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Dimensional Fund L P holds 0% of its portfolio in TransAct Technologies Incorporated (NASDAQ:TACT) for 239,839 shares. The Us-based Ancora Ltd has invested 0.04% in TransAct Technologies Incorporated (NASDAQ:TACT). Nationwide Fund Advisors, a Pennsylvania-based fund reported 18,096 shares. California Employees Retirement Systems holds 0% of its portfolio in TransAct Technologies Incorporated (NASDAQ:TACT) for 32,752 shares. Blackrock Institutional Na, a California-based fund reported 274,853 shares. Manatuck Hill Ltd accumulated 98,500 shares or 0.35% of the stock. National Bank & Trust Of Ny Mellon Corp has 0% invested in the company for 14,622 shares.

Insider Transactions: Since June 15, 2016, the stock had 1 insider purchase, and 1 insider sale for $8,904 net activity. 5,000 shares were bought by DILLON JOHN, worth $35,100 on Wednesday, June 15. $44,004 worth of shares were sold by SHULDMAN BART C on Tuesday, September 13.

TACT Company Profile

TransAct Technologies Incorporated (TransAct), incorporated on June 17, 1996, designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction and other industries. The Firm operates through a segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts. The Company’s thermal, inkjet and impact printers and terminals generate labels and transaction records, such as receipts, tickets, coupons, register journals and other documents, as well as printed logging, and plotting of oil field and well drilling data. TransAct’s products are sold under the AccuDate, Ithaca, RESPONDER, Epic, EPICENTRAL and Printrex brand names. The Firm focuses on various markets, such as food safety, banking and point-of-sale (POS), casino and gaming, lottery and Printrex, Inc. (Printrex), which serves the gas and oil, medical and mobile printing markets.

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By Linda Rogers

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