Astrotech Co. (NASDAQ:ASTC) Short Interest Update

Astrotech Co. (NASDAQ:ASTC) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,900 shares, a decline of 29.6% from the February 28th total of 2,700 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Astrotech Price Performance

Shares of NASDAQ:ASTC opened at $6.41 on Monday. Astrotech has a one year low of $6.04 and a one year high of $12.29. The company has a market cap of $10.90 million, a price-to-earnings ratio of -0.78 and a beta of -0.20. The firm has a 50 day simple moving average of $6.59 and a 200 day simple moving average of $7.12.

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

Institutional Trading of Astrotech

An institutional investor recently raised its position in Astrotech stock. Citadel Advisors LLC raised its position in shares of Astrotech Co. (NASDAQ:ASTC) by 62.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,014 shares of the aerospace company’s stock after purchasing an additional 9,256 shares during the quarter. Citadel Advisors LLC owned approximately 1.41% of Astrotech worth $161,000 at the end of the most recent quarter. 24.35% of the stock is currently owned by 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.