Astrotech Co. (NASDAQ:ASTC) Short Interest Update

Astrotech Co. (NASDAQ:ASTC) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,900 shares, a decline of 29.6% from the February 28th total of 2,700 shares. Based on an average trading volume of 6,200 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Astrotech Stock Down 0.8 %

ASTC stock opened at $6.48 on Tuesday. Astrotech has a twelve month low of $6.04 and a twelve month high of $12.29. The firm has a market cap of $11.03 million, a price-to-earnings ratio of -0.79 and a beta of -0.20. The business’s fifty day simple moving average is $6.58 and its two-hundred day simple moving average is $7.11.

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

Hedge Funds Weigh In On Astrotech

A hedge fund recently raised its stake in Astrotech stock. Dimensional Fund Advisors LP boosted its position in shares of Astrotech Co. (NASDAQ:ASTC) by 15.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,930 shares of the aerospace company’s stock after purchasing an additional 1,579 shares during the quarter. Dimensional Fund Advisors LP owned about 0.70% of Astrotech worth $80,000 as of its most recent filing with the Securities & Exchange Commission. 24.35% of the stock is currently owned by hedge funds and other 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.