Astrotech Corporation (NASDAQ:ASTC) Short Interest Update

Astrotech Corporation (NASDAQ:ASTC) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 29,521 shares, a growth of 30.4% from the February 12th total of 22,640 shares. Currently, 2.0% of the company’s stock are sold short. Based on an average trading volume of 7,455 shares, the days-to-cover ratio is presently 4.0 days. Based on an average trading volume of 7,455 shares, the days-to-cover ratio is presently 4.0 days. Currently, 2.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Astrotech

An institutional investor recently raised its position in Astrotech stock. DRW Securities LLC grew its stake in shares of Astrotech Corporation (NASDAQ:ASTC) by 168.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,464 shares of the aerospace company’s stock after buying an additional 19,747 shares during the period. DRW Securities LLC owned 1.79% of Astrotech worth $109,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 24.35% of the company’s stock.

Astrotech Price Performance

Astrotech stock opened at $2.29 on Friday. Astrotech has a one year low of $2.25 and a one year high of $8.01. The business has a fifty day moving average price of $3.11 and a 200-day moving average price of $3.78. The firm has a market capitalization of $4.03 million, a P/E ratio of -0.27 and a beta of 0.38.

Astrotech (NASDAQ:ASTC) last released its quarterly earnings data on Friday, February 13th. The aerospace company reported ($2.34) earnings per share (EPS) for the quarter. The company had revenue of $0.15 million for the quarter. Astrotech had a negative net margin of 1,163.89% and a negative return on equity of 68.53%.

About Astrotech

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.