What Will Happen to Transcat Inc (NASDAQ:TRNS) Next? The Stock Has Increase in Shorts

October 13, 2018 - By Ellis Scott

Transcat, Inc. (NASDAQ:TRNS) Logo

Investors sentiment increased to 2.22 in Q2 2018. Its up 1.37, from 0.85 in 2018Q1. It is positive, as 3 investors sold Transcat, Inc. shares while 6 reduced holdings. 9 funds opened positions while 11 raised stakes. 3.87 million shares or 2.85% more from 3.77 million shares in 2018Q1 were reported.
Bailard invested in 0.01% or 10,356 shares. Perritt Management Inc reported 0.27% of its portfolio in Transcat, Inc. (NASDAQ:TRNS). Ack Asset Mngmt Ltd Liability holds 353,000 shares or 1.55% of its portfolio. Cove Street Capital Ltd Liability Co holds 0.21% in Transcat, Inc. (NASDAQ:TRNS) or 101,000 shares. National Bank Of America De invested in 0% or 2,600 shares. Minerva Advisors owns 3.91% invested in Transcat, Inc. (NASDAQ:TRNS) for 408,754 shares. Segall Bryant And Hamill Llc invested 0.01% in Transcat, Inc. (NASDAQ:TRNS). 315,932 were accumulated by Dalton Greiner Hartman Maher And. California Pub Employees Retirement Systems has invested 0% in Transcat, Inc. (NASDAQ:TRNS). Deutsche Comml Bank Ag holds 0% of its portfolio in Transcat, Inc. (NASDAQ:TRNS) for 30,640 shares. Qci Asset Management Inc Ny holds 0.04% or 21,054 shares in its portfolio. Ativo Lc invested in 0.35% or 65,984 shares. Renaissance Techs Ltd Liability Corp has 0% invested in Transcat, Inc. (NASDAQ:TRNS) for 49,197 shares. Neuberger Berman Gru Limited Liability Company has 131,043 shares for 0% of their portfolio. New York-based Spark Invest Ltd Limited Liability Company has invested 0.01% in Transcat, Inc. (NASDAQ:TRNS).

Since May 29, 2018, it had 0 insider buys, and 3 selling transactions for $491,575 activity. 1,916 shares valued at $37,918 were sold by RESNICK ALAN H on Friday, June 8.

The stock of Transcat Inc (NASDAQ:TRNS) registered an increase of 37.22% in short interest. TRNS’s total short interest was 36,500 shares in October as published by FINRA. Its up 37.22% from 26,600 shares, reported previously. With 50,700 shares average volume, it will take short sellers 1 days to cover their TRNS’s short positions. The short interest to Transcat Inc’s float is 0.58%.

The stock increased 0.24% or $0.05 during the last trading session, reaching $20.8. About 8,010 shares traded. Transcat, Inc. (NASDAQ:TRNS) has risen 76.15% since October 13, 2017 and is uptrending. It has outperformed by 60.53% the S&P500.

Transcat, Inc. provides calibration and laboratory instrument services in the United States, Canada, and internationally. The company has market cap of $149.76 million. It operates in two divisions, Service and Distribution. It has a 23.69 P/E ratio. The Service segment offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting, and other related services.

Transcat, Inc. (NASDAQ:TRNS) Institutional Positions Chart

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