Short Interest in AstroNova, Inc. (NASDAQ:ALOT) Increases By 49.2%

AstroNova, Inc. (NASDAQ:ALOT) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 6,843 shares, an increase of 49.2% from the February 12th total of 4,585 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 13,804 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 13,804 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

AstroNova Price Performance

ALOT stock opened at $8.62 on Friday. The company has a 50 day simple moving average of $9.22 and a 200 day simple moving average of $9.22. The stock has a market cap of $65.86 million, a price-to-earnings ratio of -3.87 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.

AstroNova (NASDAQ:ALOT) last issued its earnings results on Wednesday, December 10th. The business services provider reported $0.20 earnings per share for the quarter. The firm had revenue of $39.17 million for the quarter. AstroNova had a negative net margin of 11.20% and a positive return on equity of 2.48%. During the same quarter in the prior year, the business earned $0.06 EPS.

Hedge Funds Weigh In On AstroNova

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of AstroNova during the second quarter valued at about $140,000. Susquehanna International Group LLP bought a new position in AstroNova in the 3rd quarter valued at approximately $143,000. DRW Securities LLC acquired a new stake in AstroNova during the 4th quarter worth approximately $125,000. Geode Capital Management LLC boosted its position in AstroNova by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock worth $859,000 after buying an additional 1,036 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in AstroNova by 1.2% during the 4th quarter. Renaissance Technologies LLC now owns 103,749 shares of the business services provider’s stock worth $897,000 after acquiring an additional 1,207 shares during the last quarter. 43.02% of the stock is currently owned by institutional investors.

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.