Astrotech Co. (NASDAQ:ASTC) Short Interest Update

Astrotech Co. (NASDAQ:ASTC) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 2,700 shares, a growth of 145.5% from the February 13th total of 1,100 shares. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Astrotech Trading Down 2.6 %

Shares of Astrotech stock opened at $6.37 on Thursday. The company has a market capitalization of $10.84 million, a P/E ratio of -0.78 and a beta of -0.20. The stock has a fifty day simple moving average of $6.67 and a 200 day simple moving average of $7.47. Astrotech has a 12-month low of $6.04 and a 12-month high of $12.29.

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

Institutional Investors Weigh In On Astrotech

A hedge fund recently raised its stake in Astrotech stock. Citadel Advisors LLC increased its holdings in Astrotech Co. (NASDAQ:ASTC) by 62.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,014 shares of the aerospace company’s stock after acquiring an additional 9,256 shares during the period. Citadel Advisors LLC owned about 1.41% of Astrotech worth $161,000 at the end of the most recent quarter. Institutional investors own 24.35% of the company’s stock.

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.