Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Declines By 43.1%

AstroNova, Inc. (NASDAQ:ALOT) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 6,767 shares, a decline of 43.1% from the January 15th total of 11,886 shares. Based on an average daily volume of 8,244 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 8,244 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of AstroNova in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On AstroNova

A number of institutional investors and hedge funds have recently made changes to their positions in ALOT. Jane Street Group LLC purchased a new stake in AstroNova during the second quarter valued at approximately $140,000. Susquehanna International Group LLP purchased a new position in shares of AstroNova during the 3rd quarter worth $143,000. DRW Securities LLC bought a new stake in shares of AstroNova during the 4th quarter valued at $125,000. Geode Capital Management LLC increased its stake in shares of AstroNova by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in AstroNova by 1.2% in the 4th quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock worth $897,000 after purchasing an additional 1,207 shares during the period. Hedge funds and other institutional investors own 43.02% of the company’s stock.

AstroNova Price Performance

NASDAQ ALOT opened at $9.32 on Friday. The stock has a market capitalization of $71.20 million, a price-to-earnings ratio of -4.18 and a beta of 0.73. AstroNova has a 1-year low of $6.96 and a 1-year high of $12.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.82 and a quick ratio of 0.71. The business’s fifty day moving average price is $8.78 and its 200-day moving average price is $9.54.

AstroNova (NASDAQ:ALOT) last posted its quarterly earnings data on Wednesday, December 10th. The business services provider reported $0.20 EPS for the quarter. The company had revenue of $39.17 million during the quarter. AstroNova had a positive return on equity of 2.48% and a negative net margin of 11.20%.During the same quarter last year, the company posted $0.06 EPS.

About AstroNova

AstroNova, Inc is a global provider of precision graphic communications equipment and identification solutions. The company operates two primary business segments: the NovaTech division, which designs and manufactures high‐speed data acquisition, recording and analysis systems for industrial, power generation, oil and gas, aerospace and defense markets; and the AstroNova division, which offers digital color label printing and packaging solutions under brands such as QuickLabel and RTag. These products are engineered to support mission‐critical applications that require reliable data capture or product identification across complex supply chains.

Headquartered in West Warwick, Rhode Island, AstroNova traces its heritage to the development of ruggedized oscillographs and recording instruments for industrial clients.