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

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

Institutional Investors Weigh In On AstroNova

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALOT. Geode Capital Management LLC grew its holdings in AstroNova by 1.4% during the second quarter. Geode Capital Management LLC now owns 74,138 shares of the business services provider’s stock valued at $859,000 after purchasing an additional 1,036 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of AstroNova in the second quarter worth $140,000. Mink Brook Asset Management LLC boosted its holdings in shares of AstroNova by 1.1% during the 2nd quarter. Mink Brook Asset Management LLC now owns 379,361 shares of the business services provider’s stock worth $4,397,000 after buying an additional 3,955 shares during the period. Diamond Hill Capital Management Inc. grew its stake in AstroNova by 10.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 140,739 shares of the business services provider’s stock valued at $1,441,000 after buying an additional 12,992 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in AstroNova by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 352,131 shares of the business services provider’s stock worth $3,606,000 after acquiring an additional 9,533 shares during the period. 43.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AstroNova in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

AstroNova Stock Down 0.1%

AstroNova stock opened at $9.31 on Friday. The company has a current ratio of 1.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25. AstroNova has a 1-year low of $6.96 and a 1-year high of $12.68. The firm’s fifty day simple moving average is $8.83 and its 200-day simple moving average is $9.53. The company has a market capitalization of $71.13 million, a P/E ratio of -4.17 and a beta of 0.73.

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

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.