TransAct Technologies Incorporated (NASDAQ:TACT – Get Rating) was the recipient of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 19,600 shares, a decrease of 27.1% from the July 31st total of 26,900 shares. Based on an average daily volume of 34,700 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of TransAct Technologies

Several hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its position in shares of TransAct Technologies by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 349,547 shares of the technology company's stock worth $3,810,000 after purchasing an additional 4,910 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of TransAct Technologies by 72.7% during the second quarter. Summit Trail Advisors LLC now owns 19,000 shares of the technology company's stock worth $77,000 after purchasing an additional 8,000 shares in the last quarter. Bard Associates Inc. lifted its position in shares of TransAct Technologies by 6.6% during the second quarter. Bard Associates Inc. now owns 148,255 shares of the technology company's stock worth $599,000 after purchasing an additional 9,200 shares in the last quarter. Connors Investor Services Inc. lifted its position in shares of TransAct Technologies by 36.7% during the second quarter. Connors Investor Services Inc. now owns 41,700 shares of the technology company's stock worth $168,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Douglas Lane & Associates LLC acquired a new stake in shares of TransAct Technologies during the second quarter worth about $56,000. Institutional investors and hedge funds own 74.60% of the company's stock.

Analyst Ratings Changes

TACT has been the subject of a number of analyst reports. Barrington Research dropped their price objective on shares of TransAct Technologies from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Thursday, August 18th. StockNews.com initiated coverage on shares of TransAct Technologies in a report on Saturday. They issued a "sell" rating for the company. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, TransAct Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.67.

TransAct Technologies Price Performance

TransAct Technologies (NASDAQ:TACT – Get Rating) last announced its earnings results on Wednesday, August 17th. The technology company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.10. TransAct Technologies had a negative net margin of 14.10% and a negative return on equity of 26.17%. During the same quarter last year, the firm earned ($0.24) earnings per share. As a group, equities analysts expect that TransAct Technologies will post -1.11 EPS for the current fiscal year.

About TransAct Technologies

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TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. Its thermal printers and terminals to generates 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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