Short Interest in Astrotech Corporation (NASDAQ:ASTC) Grows By 503.0%

by · The Cerbat Gem

Astrotech Corporation (NASDAQ:ASTC – Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 118,829 shares, an increase of 503.0% from the November 30th total of 19,705 shares. Based on an average daily trading volume, of 219,594 shares, the short-interest ratio is currently 0.5 days. Currently, 8.1% of the company’s stock are short sold. Currently, 8.1% of the company’s stock are short sold. Based on an average daily trading volume, of 219,594 shares, the short-interest ratio is currently 0.5 days.

Astrotech Stock Performance

Shares of ASTC opened at $3.79 on Friday. The firm has a market cap of $6.67 million, a P/E ratio of -0.45 and a beta of 0.34. Astrotech has a 52 week low of $2.46 and a 52 week high of $8.01. The firm’s 50-day simple moving average is $3.59 and its 200 day simple moving average is $4.69.

Astrotech (NASDAQ:ASTC – Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The aerospace company reported ($2.07) earnings per share (EPS) for the quarter. Astrotech had a negative return on equity of 59.71% and a negative net margin of 1,069.89%.The company had revenue of $0.30 million for the quarter.

Insider Activity

In related news, major shareholder Braden Michael Leonard sold 220,410 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $7.13, for a total value of $1,571,523.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.80% of the company’s stock.

Institutional Trading of Astrotech

A hedge fund recently bought a new stake in Astrotech stock. SCS Capital Management LLC acquired a new stake in Astrotech Corporation (NASDAQ:ASTC – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,761 shares of the aerospace company’s stock, valued at approximately $76,000. SCS Capital Management LLC owned approximately 0.69% of Astrotech at the end of the most recent reporting period. Institutional investors own 24.35% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Astrotech in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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Astrotech Company Profile

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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.

Further Reading