Astrotech Corporation (NASDAQ:ASTC) Short Interest Update

Astrotech Corporation (NASDAQ:ASTC) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 89,847 shares, a drop of 43.1% from the June 30th total of 157,846 shares. Currently, 6.0% of the shares of the stock are sold short. Based on an average daily volume of 149,729 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Several research firms have commented on ASTC. Wall Street Zen lowered Astrotech from a “sell” rating to a “strong sell” rating in a research note on Monday, July 20th. Weiss Ratings upgraded Astrotech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Astrotech has an average rating of “Sell”.

Astrotech Price Performance

Shares of ASTC traded up $0.21 during midday trading on Friday, reaching $6.48. The stock had a trading volume of 17,002 shares, compared to its average volume of 2,701,813. The company has a market cap of $11.65 million, a price-to-earnings ratio of -0.77 and a beta of 4.77. The company’s fifty day simple moving average is $15.05 and its two-hundred day simple moving average is $7.28. Astrotech has a 1-year low of $1.91 and a 1-year high of $68.85.

Astrotech (NASDAQ:ASTC) last posted its earnings results on Wednesday, May 13th. The aerospace company reported ($2.25) EPS for the quarter. The business had revenue of $0.34 million during the quarter. Astrotech had a negative net margin of 1,397.82% and a negative return on equity of 81.85%.

Hedge Funds Weigh In On Astrotech

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASTC. J. Safra Sarasin Holding AG acquired a new stake in Astrotech during the first quarter worth approximately $140,000. DRW Securities LLC grew its position in shares of Astrotech by 168.5% in the 4th quarter. DRW Securities LLC now owns 31,464 shares of the aerospace company’s stock valued at $109,000 after buying an additional 19,747 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Astrotech in the 3rd quarter valued at $66,000. 24.35% of the stock is owned by institutional investors and hedge funds.

Astrotech Company Profile

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.