Short Interest in Astrotech Co. (NASDAQ:ASTC) Decreases By 46.3%

Astrotech Co. (NASDAQ:ASTC) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 5,100 shares, a decrease of 46.3% from the October 15th total of 9,500 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 29,900 shares, the days-to-cover ratio is presently 0.2 days.

Astrotech Trading Up 5.4 %

ASTC traded up $0.37 during trading on Friday, hitting $7.22. The company’s stock had a trading volume of 23,123 shares, compared to its average volume of 12,259. The firm has a market capitalization of $12.27 million, a price-to-earnings ratio of -0.95 and a beta of -0.14. Astrotech has a twelve month low of $6.56 and a twelve month high of $12.29. The business’s fifty day simple moving average is $7.85 and its 200 day simple moving average is $8.75.

Astrotech (NASDAQ:ASTC) last released its quarterly earnings results on Thursday, September 19th. The aerospace company reported ($1.78) earnings per share for the quarter. Astrotech had a negative return on equity of 32.04% and a negative net margin of 945.17%. The company had revenue of $0.07 million for the quarter.

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.