Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Drops By 66.1%

Posted by Defense World Staff on Jan 29th, 2025

AstroNova, Inc. (NASDAQ:ALOT – Get Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 8,500 shares, a drop of 66.1% from the December 31st total of 25,100 shares. Based on an average daily trading volume, of 18,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

AstroNova Stock Performance

AstroNova stock opened at $11.36 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.83. The stock has a fifty day moving average of $13.44 and a two-hundred day moving average of $13.94. The company has a market capitalization of $85.54 million, a price-to-earnings ratio of 22.72 and a beta of 0.67. AstroNova has a fifty-two week low of $11.00 and a fifty-two week high of $18.25.

AstroNova (NASDAQ:ALOT – Get Free Report) last released its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.06 earnings per share for the quarter. AstroNova had a return on equity of 5.21% and a net margin of 2.49%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on AstroNova in a report on Tuesday. They set a “buy” rating for the company.

Check Out Our Latest Stock Analysis on AstroNova

Institutional Investors Weigh In On AstroNova

A hedge fund recently raised its stake in AstroNova stock. Geode Capital Management LLC grew its position in shares of AstroNova, Inc. (NASDAQ:ALOT – Free Report) by 10.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,309 shares of the business services provider’s stock after buying an additional 6,592 shares during the period. Geode Capital Management LLC owned about 0.92% of AstroNova worth $933,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 43.02% of the company’s stock.

AstroNova Company Profile

(Get Free Report)

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).