AstroNova, Inc. (NASDAQ:ALOT) Short Interest Up 58.5% in November

AstroNova, Inc. (NASDAQ:ALOT) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 21,400 shares, an increase of 58.5% from the October 31st total of 13,500 shares. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of AstroNova from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th.

AstroNova Price Performance

NASDAQ:ALOT opened at $15.37 on Friday. The firm has a market capitalization of $115.58 million, a price-to-earnings ratio of 18.30 and a beta of 0.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.87 and a quick ratio of 0.73. The business has a 50 day simple moving average of $13.92 and a 200-day simple moving average of $14.84. AstroNova has a 1 year low of $11.82 and a 1 year high of $18.83.

AstroNova (NASDAQ:ALOT) last issued its quarterly earnings results on Monday, September 16th. The business services provider reported $0.08 earnings per share (EPS) for the quarter. AstroNova had a return on equity of 7.77% and a net margin of 4.20%. The company had revenue of $40.54 million during the quarter.

Hedge Funds Weigh In On AstroNova

A number of large investors have recently made changes to their positions in ALOT. Diamond Hill Capital Management Inc. raised its position in AstroNova by 23.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 68,000 shares of the business services provider’s stock worth $915,000 after purchasing an additional 13,000 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of AstroNova during the first quarter valued at approximately $206,000. Geode Capital Management LLC raised its holdings in shares of AstroNova by 10.5% in the third quarter. Geode Capital Management LLC now owns 69,309 shares of the business services provider’s stock worth $933,000 after buying an additional 6,592 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of AstroNova by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 349,546 shares of the business services provider’s stock worth $6,229,000 after acquiring an additional 2,700 shares during the last quarter. 43.02% of the stock is owned by hedge funds and other institutional investors.

AstroNova Company Profile

AstroNova, Inc designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems in the United States, Europe, Asia, Canada, Central and South America, and internationally. The company operates in two segments, Product Identification (PI) and Test & Measurement (T&M).