Astrotech Co. (NASDAQ:ASTC) Short Interest Up 145.5% in February

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

Astrotech Stock Up 1.9 %

Shares of NASDAQ ASTC opened at $6.49 on Friday. The company’s fifty day moving average is $6.67 and its 200-day moving average is $7.47. The stock has a market cap of $11.05 million, a price-to-earnings ratio of -0.79 and a beta of -0.20. Astrotech has a twelve month low of $6.04 and a twelve month high of $12.29.

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

Hedge Funds Weigh In On Astrotech

An institutional investor recently raised its position in Astrotech stock. Dimensional Fund Advisors LP increased its stake in shares of Astrotech Co. (NASDAQ:ASTC) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,930 shares of the aerospace company’s stock after acquiring an additional 1,579 shares during the period. Dimensional Fund Advisors LP owned about 0.70% of Astrotech worth $80,000 as of its most recent SEC filing. 24.35% of the stock is currently owned by hedge funds and other institutional investors.

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.