Astrotech Corporation (NASDAQ:ASTC) Short Interest Update

Astrotech Corporation (NASDAQ:ASTC) was the target of a large growth in short interest in 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. Based on an average daily volume of 7,455 shares, the days-to-cover ratio is presently 4.0 days. Approximately 2.0% of the shares of the company are short sold. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 7,455 shares, the days-to-cover ratio is presently 4.0 days.

Astrotech Trading Down 0.9%

NASDAQ ASTC opened at $2.29 on Monday. Astrotech has a 52 week low of $2.25 and a 52 week high of $8.01. The stock has a market cap of $4.03 million, a price-to-earnings ratio of -0.27 and a beta of 0.38. The company has a 50-day moving average price of $3.11 and a two-hundred day moving average price of $3.77.

Astrotech (NASDAQ:ASTC) last released its quarterly earnings results on Friday, February 13th. The aerospace company reported ($2.34) earnings per share for the quarter. The business 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%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Astrotech in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Astrotech

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) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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. Institutional investors own 24.35% of the company’s stock.

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.