Short Interest in Astrotech Co. (NASDAQ:ASTC) Drops By 29.6%

Astrotech Co. (NASDAQ:ASTC) was the target of a large decrease in short interest in 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. Based on an average daily trading volume, of 6,200 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Astrotech Trading Up 3.3 %

NASDAQ:ASTC opened at $6.53 on Friday. The firm has a market capitalization of $11.11 million, a PE ratio of -0.80 and a beta of -0.20. Astrotech has a 1 year low of $6.04 and a 1 year high of $12.29. The firm’s fifty day simple moving average is $6.59 and its 200 day simple moving average is $7.13.

Astrotech (NASDAQ:ASTC) last posted its quarterly earnings data 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 business had revenue of $260 billion during the quarter.

Institutional Inflows and Outflows

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

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.