Short Interest in Astrotech Co. (NASDAQ:ASTC) Expands By 145.5%

Astrotech Co. (NASDAQ:ASTC) was the recipient of 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,300 shares, the days-to-cover ratio is currently 0.2 days.

Astrotech Stock Performance

Shares of NASDAQ:ASTC opened at $6.49 on Friday. The company has a 50 day moving average of $6.66 and a 200 day moving average of $7.46. The stock has a market cap of $11.05 million, a P/E ratio of -0.79 and a beta of -0.20. Astrotech has a 12 month low of $6.04 and a 12 month high of $12.29.

Astrotech (NASDAQ:ASTC) last released 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 during the quarter. Astrotech had a negative return on equity of 40.44% and a negative net margin of 3,198.09%.

Institutional Trading of Astrotech

An institutional investor recently raised its position in Astrotech stock. Dimensional Fund Advisors LP raised its stake in shares of Astrotech Co. (NASDAQ:ASTC) by 15.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,930 shares of the aerospace company’s stock after purchasing an additional 1,579 shares during the quarter. Dimensional Fund Advisors LP owned 0.70% of Astrotech worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.