Short Interest in Astrotech Co. (NASDAQ:ASTC) Drops By 75.5%

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

Astrotech Stock Down 4.3 %

Shares of ASTC stock traded down $0.30 on Thursday, hitting $6.72. The stock had a trading volume of 6,941 shares, compared to its average volume of 6,034. Astrotech has a one year low of $6.32 and a one year high of $12.29. The business has a 50 day moving average price of $6.99 and a 200 day moving average price of $7.92. The company has a market cap of $11.42 million, a PE ratio of -0.92 and a beta of -0.17.

Astrotech (NASDAQ:ASTC) last announced its quarterly earnings results on Tuesday, November 12th. The aerospace company reported ($2.01) earnings per share for the quarter. The business had revenue of $0.03 million during the quarter. Astrotech had a negative return on equity of 33.26% and a negative net margin of 945.17%.

About Astrotech

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.