Short Interest in Autoscope Technologies Co. (NASDAQ:AATC) Expands By 2,120.0%

Autoscope Technologies Co. (NASDAQ:AATCGet Rating) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 11,100 shares, a growth of 2,120.0% from the August 15th total of 500 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 13,600 shares, the short-interest ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, TheStreet cut Autoscope Technologies from a “b” rating to a “c+” rating in a research note on Thursday, June 9th.

Autoscope Technologies Trading Down 0.7 %

NASDAQ AATC opened at $5.13 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 8.50 and a quick ratio of 6.98. Autoscope Technologies has a one year low of $4.84 and a one year high of $8.29. The business has a 50 day simple moving average of $5.12 and a 200 day simple moving average of $5.79. The stock has a market capitalization of $27.72 million, a P/E ratio of 64.18 and a beta of 0.80.

Autoscope Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Thursday, August 25th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.48 dividend on an annualized basis and a yield of 9.35%. Autoscope Technologies’s dividend payout ratio (DPR) is presently 600.08%.

Institutional Investors Weigh In On Autoscope Technologies

A number of hedge funds have recently added to or reduced their stakes in AATC. Ridgewood Investments LLC acquired a new stake in Autoscope Technologies in the second quarter valued at approximately $83,000. Koss Olinger Consulting LLC bought a new position in shares of Autoscope Technologies in the first quarter valued at approximately $93,000. Finally, LPL Financial LLC bought a new position in shares of Autoscope Technologies in the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 16.50% of the company’s stock.

About Autoscope Technologies

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Autoscope Technologies Corporation develops and markets video and radar processing products for use in intersection control, highway, bridge and tunnel traffic management, and traffic data collection applications in the Asia Pacific, Europe, the Middle East, and North America. It operates in two segments, Intersection and Highway.

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