Astrotech Co. (NASDAQ:ASTC) Short Interest Update

Astrotech Co. (NASDAQ:ASTC) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 13,600 shares, a decrease of 5.6% from the May 31st total of 14,400 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is presently 3.6 days.

Astrotech Trading Down 3.0 %

ASTC opened at $8.60 on Thursday. Astrotech has a twelve month low of $7.00 and a twelve month high of $13.97. The firm has a market cap of $14.64 million, a price-to-earnings ratio of -1.27 and a beta of -0.15. The company has a fifty day simple moving average of $9.26 and a 200 day simple moving average of $8.64.

Astrotech (NASDAQ:ASTC) last announced its earnings results on Monday, May 13th. The aerospace company reported ($1.93) earnings per share for the quarter. Astrotech had a negative net margin of 550.25% and a negative return on equity of 26.78%. The business had revenue of $0.05 million for the quarter.

Institutional Investors Weigh In On Astrotech

An institutional investor recently raised its position in Astrotech stock. Acuitas Investments LLC increased its stake in Astrotech Co. (NASDAQ:ASTC) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,570 shares of the aerospace company’s stock after buying an additional 9,623 shares during the period. Acuitas Investments LLC owned about 3.68% of Astrotech worth $531,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 24.35% of the company’s stock.

About Astrotech

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.