Astrotech Co. (NASDAQ:ASTC) Sees Significant Decrease in Short Interest

Astrotech Co. (NASDAQ:ASTC) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 2,600 shares, a drop of 75.5% from the December 15th total of 10,600 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 22,400 shares, the short-interest ratio is currently 0.1 days.

Astrotech Stock Performance

NASDAQ:ASTC opened at $6.59 on Tuesday. Astrotech has a 52-week low of $6.50 and a 52-week high of $12.29. The company has a market cap of $11.22 million, a price-to-earnings ratio of -0.90 and a beta of -0.17. The firm’s 50-day moving average is $7.07 and its 200-day moving average is $8.09.

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.