Astrotech Co. (NASDAQ:ASTC) Short Interest Down 29.6% in March

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

Astrotech Stock Performance

Shares of Astrotech stock opened at $6.53 on Friday. Astrotech has a twelve month low of $6.04 and a twelve month high of $12.29. The firm has a market cap of $11.11 million, a P/E ratio of -0.80 and a beta of -0.20. The firm’s 50-day simple moving average is $6.59 and its 200-day simple moving average is $7.13.

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

Institutional Trading of Astrotech

A hedge fund recently raised its stake in Astrotech stock. Citadel Advisors LLC grew its position in Astrotech Co. (NASDAQ:ASTC) by 62.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,014 shares of the aerospace company’s stock after purchasing an additional 9,256 shares during the period. Citadel Advisors LLC owned about 1.41% of Astrotech worth $161,000 as of its most recent filing with the SEC. 24.35% of the stock is owned by hedge funds and other institutional investors.

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.