Astrotech Co. (NASDAQ:ASTC) Sees Significant Decrease in Short Interest

Astrotech Co. (NASDAQ:ASTC) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,900 shares, a decrease of 29.6% from the February 28th total of 2,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 6,200 shares, the short-interest ratio is currently 0.3 days.

Astrotech Trading Down 0.8 %

Shares of ASTC stock opened at $6.48 on Tuesday. The stock has a market capitalization of $11.03 million, a price-to-earnings ratio of -0.79 and a beta of -0.20. Astrotech has a 12-month low of $6.04 and a 12-month high of $12.29. The stock’s 50-day moving average price is $6.58 and its 200-day moving average price is $7.11.

Astrotech (NASDAQ:ASTC) last released its quarterly earnings data on Friday, February 14th. The aerospace company reported ($2.45) earnings per share (EPS) for the quarter. The firm had revenue of $260 billion during the quarter. Astrotech had a negative return on equity of 40.44% and a negative net margin of 3,198.09%.

Institutional Investors Weigh In On Astrotech

A hedge fund recently raised its stake in Astrotech stock. Dimensional Fund Advisors LP lifted its holdings in Astrotech Co. (NASDAQ:ASTC) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,930 shares of the aerospace company’s stock after buying an additional 1,579 shares during the period. Dimensional Fund Advisors LP owned about 0.70% of Astrotech worth $80,000 at the end of the most recent reporting period. 24.35% of the stock is owned by institutional investors.

Astrotech Company Profile

Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.