Astrotech Co. (NASDAQ:ASTC – Get Rating) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 60,800 shares, a growth of 201.0% from the November 30th total of 20,200 shares. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is currently 3.9 days. Approximately 4.0% of the company's stock are sold short.
Insider Activity
In other Astrotech news, major shareholder Braden Michael Leonard bought 166,434 shares of the business's stock in a transaction dated Friday, October 14th. The shares were acquired at an average price of $0.38 per share, with a total value of $63,244.92. Following the transaction, the insider now owns 5,905,845 shares of the company's stock, valued at $2,244,221.10. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have bought 514,881 shares of company stock worth $187,940. 9.70% of the stock is currently owned by corporate insiders.
Get Astrotech alerts:Institutional Investors Weigh In On Astrotech
Several institutional investors have recently made changes to their positions in ASTC. Renaissance Technologies LLC lifted its stake in shares of Astrotech by 173.4% in the third quarter. Renaissance Technologies LLC now owns 158,589 shares of the aerospace company's stock valued at $70,000 after purchasing an additional 100,589 shares during the period. Marquette Asset Management LLC lifted its holdings in shares of Astrotech by 33.0% in the second quarter. Marquette Asset Management LLC now owns 367,864 shares of the aerospace company's stock valued at $158,000 after purchasing an additional 91,183 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Astrotech in the first quarter valued at about $56,000.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Astrotech in a report on Thursday, December 15th. They issued a "sell" rating for the company.Astrotech Price Performance
Shares of NASDAQ ASTC traded up $0.23 during mid-day trading on Friday, hitting $9.55. 9,190 shares of the company were exchanged, compared to its average volume of 25,825. The stock has a 50 day simple moving average of $10.96 and a 200-day simple moving average of $12.61. Astrotech has a 1-year low of $9.28 and a 1-year high of $23.19.
Astrotech (NASDAQ:ASTC – Get Rating) last released its earnings results on Thursday, November 10th. The aerospace company reported ($1.50) EPS for the quarter. The firm had revenue of $0.04 million during the quarter. Astrotech had a negative return on equity of 16.29% and a negative net margin of 1,226.53%.
About Astrotech
(Get Rating)
Astrotech Corporation operates as a mass spectrometry company worldwide. It owns and licenses the intellectual property related to the Astrotech Mass Spectrometer Technology, a platform mass spectrometry technology. The company also develops TRACER 1000, a mass spectrometer-based explosive trace detector to replace the explosives trace detectors used at airports, cargo and other secured facilities, and borders.
Featured Stories
- Get a free copy of the StockNews.com research report on Astrotech (ASTC)
- The Dogs Of Tech: It's Time For A Bite Of These Stocks
- Does This Acquisition Make Microsoft a Bear Market Buy?
- Is Kintara Therapeutics A Hidden Gem?
- Should You Warm up to Generac Stock for the Winter?
- 3 High-Yield Dividend Stocks to Hold for the Long Haul
Receive News & Ratings for Astrotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Astrotech and related companies with MarketBeat.com's FREE daily email newsletter.