Short Interest in Astrotech Corporation (NASDAQ:ASTC) Decreases By 36.8%

Astrotech Corporation (NASDAQ:ASTC) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 25,894 shares, a decrease of 36.8% from the December 31st total of 40,960 shares. Based on an average daily trading volume, of 15,157 shares, the short-interest ratio is currently 1.7 days. Currently, 1.8% of the company’s stock are short sold. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 15,157 shares, the short-interest ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Astrotech in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Astrotech has a consensus rating of “Sell”.

Astrotech Stock Down 4.2%

Shares of NASDAQ ASTC opened at $3.38 on Friday. The business’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $4.34. The company has a market cap of $5.95 million, a PE ratio of -0.40 and a beta of 0.34. Astrotech has a twelve month low of $2.46 and a twelve month high of $8.01.

Astrotech (NASDAQ:ASTC) last posted its earnings results on Thursday, November 13th. The aerospace company reported ($2.07) earnings per share for the quarter. Astrotech had a negative return on equity of 59.71% and a negative net margin of 1,069.89%.The business had revenue of $0.30 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Astrotech stock. Susquehanna International Group LLP purchased a new position in shares of Astrotech Corporation (NASDAQ:ASTC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,539 shares of the aerospace company’s stock, valued at approximately $66,000. Susquehanna International Group LLP owned 0.77% of Astrotech as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 24.35% of the company’s stock.

Astrotech Company Profile

Astrotech Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.

In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms.